Dear Forum members,

I have a specific situation for which i request your advise and tips:

I have 16 portfolio of rental properties that are registerd in my name.The tax liability for these properties is based upon the tax provisions for individuals, which is high.

How can i reduce my tax liability with regard to the rental income received?I was toying with the idea, of opening up a CC,whose main function would be to recieve the rental income and pay all the expenses incurred during the production of this income.In that way, i am hoping that the income would then be taxed at the rate for CC thereby reducing my tax liability.Is this legal?

Thanx and regards

Godfrey

Godfrey hi!
I would highly recommend that you speak to an "expert" in the Property investment arena. Someone that I have dealth with personally is Dr Hannes Dreyer www.propertyschool.co.za/trusts-for-the ... ourse.html he would surely be able to assist.
Let us know the progress.
Keep well!
Lluwellyn

Thank you for the lead Lluwellyn.

I have posted my quiry on his website and are awaiting his feedback.