There is no need to form a company or a trust, as taxpayer can operate a business under his own name as a “sole trader”. However, it is safer to form a company to carry out the business, as company has limited liability. Please seek professional advice if you need more information on rental property and its tax implication.
Disclaimer: The following answer necessarily sets out general principles only. The facts of particular cases always need to be considered carefully, and it may be necessary to obtain advice from a tax expert.
{proforms 1}