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From: David Brady
Hi all,
I have recently come across the idea that I can pay (in this case) my wife for the property management/bookkeeping for our IP's.
Properties are 100% in my name and am on top tax rate.
Anyone have any experience with this?
Issues could be;
* Fair value
* GST
* Separate account.
* Log book
I figure if this is possible, that $15 ph/ 1 hr per week x 52 weeks would be a fair figure.
Thanks in advance.
Zulu.
Hi all,
I have recently come across the idea that I can pay (in this case) my wife for the property management/bookkeeping for our IP's.
Properties are 100% in my name and am on top tax rate.
Anyone have any experience with this?
Issues could be;
* Fair value
* GST
* Separate account.
* Log book
I figure if this is possible, that $15 ph/ 1 hr per week x 52 weeks would be a fair figure.
Thanks in advance.
Zulu.
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