Just trying to understand which option will provide me the best results (ie pay as little land tax as possible).
I currently have an investment property, this property is in my name only. Currently no land tax is applicable to this as it is below the threshold (probably just below).
Me and my wife are looking at buying a 2nd property.
To avoid paying any land tax, i appears that I would be better purchasing this property under my wife's name only.
Any future purchases would then be purchased jointly.
Does this sound right? Or should I just buy it in joint names starting from now?
I currently have an investment property, this property is in my name only. Currently no land tax is applicable to this as it is below the threshold (probably just below).
Me and my wife are looking at buying a 2nd property.
To avoid paying any land tax, i appears that I would be better purchasing this property under my wife's name only.
Any future purchases would then be purchased jointly.
Does this sound right? Or should I just buy it in joint names starting from now?