ABN/trust borrowings

[mitta]

Reposting a query, thanks Rolf.

With regards to a LoDoc, we have both our names on an ABN, but for the negative gearing advantages in our new HDT, only my name would be on the new borrowings. Does anyone feel there could be implications with say the banks or ato with both names on the ABN and only one on the borrowings with reference to the Lodoc ABN use ?

Mark

 

[Rolf Schaefer]

You can have both names on the ABN and only one name on the loan documents with your trustee on title.