If I want to own properties in different countries, is a corporation a good vehicle for ownership?
My aims are: protecting my land assets from litigation, inheritance taxes and death duties. I want an indestructible legacy for any children I might have.
But how does one go about using property owned by ones own corporation?
Can you make your family the beneficiary of a non-profit company, or do you have to pay yourself rent and suffer double taxation?
>>1038679
I'm looking into something like this too, of course it depends on the country. But as far as I know, you could just write any contract between the company and your heirs that you wanted. Pay less than taxes in rent, pay for any maintenance through the corp and use the fact that it lost money as a tax shelter...
Before you do too much planning I think you'd want to talk to a tax lawyer of the country you want to do this in. They could advise you better than I could.
Gonna bump this thread a bit actually as I was asking /biz this exact thing a few days ago. The hivemind's creepy on Reddit, but out here I find it fascinating.
>>1038679
An idea I had was to make it not a standard corporation but an educational institution. I think that might be better for tax purposes, but also possible that the 'education perks' get yanked if the student loan bubble bursts and people get fed up with degree mills. Any thoughts on that, likeminded Anon?
