Surgical practice: owning your own room
There comes a time in a surgeon’s career when they’ll start to think about obtaining their own medical practice. It’s a big decision, with a substantial financial outlay.
There’s much to consider, including the location, the size of the space, and whether to obtain a room on their own or with others. Also important are the tax implications, structure considerations, and the option of buying rooms via a self-managed super fund. Simon Farmer, Managing Director of Walshs Financial Planning and Hugh Walsh, Partner at Walshs, discuss the details of owning a room.