Hi,
I'm trying to buy my first property and use it as PPoR, my idea is, in a few years down the track to rent it out as an IP. My wife doesn't work for the time being therefore receives no income.
Can anyone please advise if the property should be put under joint names or just me? My solicitor has advised me that legally there is no real difference therefore I'm more after potential tax consequences.
Thanks.
I'm trying to buy my first property and use it as PPoR, my idea is, in a few years down the track to rent it out as an IP. My wife doesn't work for the time being therefore receives no income.
Can anyone please advise if the property should be put under joint names or just me? My solicitor has advised me that legally there is no real difference therefore I'm more after potential tax consequences.
Thanks.