Submit a question to our community and get an answer from real people.
Submit

Is there any advantages to buy a condo (which I will use also as office ) as a company investment ?

I am going to buy a condo by cash, no mortgage. So, I will not be able to write it off taxes. If I buy the condo as a company and rent it will I be able to save something compare to just buying as a person? What pluses and minuses about it?

Report as

Buying the condo as a company investment is more advantageous than buying it as a person. This is so especially if the actual use of the condo complies with your plans. The company would report the rental income and in case the condo is sold, it will be liable to be taxed for the capital gains in case there are any.

Helpful (1) Fun Thanks for voting Comments (0)
Report as
Add a comment...

I think its not worth buying a condo. u will have to pay it your whole life

Helpful Fun Thanks for voting Comments (0)
Report as
Add a comment...
Do you have an answer?
Answer this question...
Did you mean?
Login or Join the Community to answer
Popular Searches