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The aim was to try and generate some income (TD) while reducing my tax using a low-complex strategy (eg. not having to purchase another IP).

Ah yes thanks, makes it not worthwhile.

Hi All, Just looking for some confirmation/advice from here for an idea I have before I run it by my accountant. Currently I own an IP with my sister valued at approx $400K, so my share is $200K. The IP is paid off so positively geared. The property was transferred to us by our parents...