Hi Everyone,
I've just made an offer on my 2nd investment property when i thought i should check what ownership structure i should opt for.
I have the larger income $200k
My wife has an income of approx $35k
I would normally put myself as the 99% share and my wife as 1% so that i can recoup a higher tax refund from any negative gearing impacts.
As my strategy will be a buy-and-hold scenario. Over time my IP will become positive and then it would be beneficial the IP income to be taxed at my wife's lower marginal tax rate.
As such I'm interested in how people have structured ownership to accommodate?
Thoughts?
Q
I've just made an offer on my 2nd investment property when i thought i should check what ownership structure i should opt for.
I have the larger income $200k
My wife has an income of approx $35k
I would normally put myself as the 99% share and my wife as 1% so that i can recoup a higher tax refund from any negative gearing impacts.
As my strategy will be a buy-and-hold scenario. Over time my IP will become positive and then it would be beneficial the IP income to be taxed at my wife's lower marginal tax rate.
As such I'm interested in how people have structured ownership to accommodate?
Thoughts?
Q