Why I NEVER Buy Property in My Name

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Pros:
1. Simpler Setup: No need to establish a company, making the process straightforward.
2. Lower Costs: No company registration or annual compliance fees.
3. Personal Control: Direct ownership and management of the property.
4. Tax Benefits: Potentially easier access to primary residence tax benefits and deductions.
5. Capital Gains Exemption: Primary residence may be exempt from capital gains tax upon sale.

Cons:
1. Higher Tax Rates: Personal income tax rates can be higher compared to corporate tax rates.
2. Liability Risk: Personal assets are exposed to risks from property liabilities and legal issues.
3. Limited Financing Options: May face more challenges in securing investment loans.
4. Less Flexibility: Harder to separate personal and investment finances.
5. Inheritance Issues: More complicated estate planning and transfer upon death.
6. Increased Tax on Rental Income: Rental income is taxed at personal income tax rates.
7. Less Professional Image: May impact credibility with potential investors or partners.

Always consult with a financial advisor or tax professional to determine the best structure for your property investments.