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SRB, It is not the end of the world, you are still doing very well with your investments and knew enough that you could have had a potential problem. 90% of people would have no idea and many just increase the investment loan and move the cash over to the new home loan and start claiming...

You would need a lawyer who knows tax laws. And a broker. A family trust may or may not assist depending on your situation.

You shouldn't be taking advice from the bank on this either, other than would they approve a loan of $x. You and wife should seek legal advice as there are far reaching consequences. If you set this up incorrectly, such as a transfer for other than market value, then you will not be able to...

Your figures are incorrect. Or correct, but.. You may get 100% finance but 100% of the loan would not be deductible. Your house is worth $420,000 with a loan of $210,000 half each is $210,000 and $105,000 So if you borrowed $210,000 to buy your wife's share she would pay back her loan...