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Does being a guarantee affect servicability for future loans? ie. when we apply for another IP loan later on, would we need to 'declare' the guarantee part?

Thanks for the suggestion. Will need to do a bit of reading on trusts then. Hmm... I was always under the impression that gearing benefits were defined by the legal interests in the property? ie. the Title, not mortgage.

Yes does sound complicated doesn't it? I think he wants to set it up that way so that: a) no CGT when transferring property into spouse's name later on b) any tax benefits can be claimed now by spouse My spouse has a sister and FIL is planning to do a similar set up for her.

Hi all, LOL didn't know whether to post this in finance, legal or tax section - so posted it in 'Other' instead. :) My spouse's father (FIL), in his 70s, has been toying around with an idea for a while and is keen to put some serious thought into implementing it. Would appreciate your...