Hi
I have set up a trust structure and currently have one ip, owned by the trust, and then a ppor.
I am thinking about transfering the ppor into my husbands name and negatively gearing it as much as possible and putting the equity into the ip which would then be positively geared.
Can you keep extracting the equity from the ppor (which will become a rental property not owned by the trust) into other properties and offset the loss against my husbands taxable income? Can you do this long term as long as the ppor keeps increasing in value?
Thanks
I have set up a trust structure and currently have one ip, owned by the trust, and then a ppor.
I am thinking about transfering the ppor into my husbands name and negatively gearing it as much as possible and putting the equity into the ip which would then be positively geared.
Can you keep extracting the equity from the ppor (which will become a rental property not owned by the trust) into other properties and offset the loss against my husbands taxable income? Can you do this long term as long as the ppor keeps increasing in value?
Thanks