.... and my feeling is:
not much advantages i can think of in buying the property under LLP or partnership.
if you buy the industrial property under individual
- bank loan rate is better (may be sibor + 1.5% ??). if you buy under LLP or partnership, interest rate likely prime rate pegged and higher ??
- for individual, you can file all your expenses (agent commission, repairs, MCST charges, ineterest charges, property tax) when IRAS e-filing. LLP or partnership does not have much advantages.
Only advantage i can think of is evading of buyer stamp duty (or any future SSD, ABSD) when selling your property.
For GST, there could be some loophole: buy the property with a GST registered entity, offset the GST first. After that shutdown the GST of the company, and sell the property as no GST (... i not sure hor, please let me know if it works...)
let me know of any new things/findings after you purchase your property...
btw: where is jwong71 ??...