names on abn/trust

[mitta]

We have both our names on our established ABN, but with respect to future borrowings for our new HDT setup ( to max the negative gearing component, only my name on the borrowings ), are there any implications with say the banks or ato with both names on the ABN and only one on the borrowings with reference to a Lodoc setup ???????

Mark

 

[Rolf Latham]

Hi Mark

No implications with tax I dont think.

Bank wont mind either assuming u can service the loan with just one of you...........being lo doc id hope that isnt a problem.
ta
rolf