We just bought our second investment property and settled for three months with the option of bringing the settlment forward. The property will be negatively geared.
I would like to know if we should put this property on joint names or just my husbands. He is on $50 0000 per year and I am on $20 000.
I am going to stop working in about a year because we are planning to start a family. So, because I won't be earning anything I am not sure if it's better for him to have it on his name only.
Another thing, I spoke to a quantity surveyor and he told me a rough estimate of the tax depreciation would be $4 000-$5 000 per year.
The house is four years old 3 bedrooms, 2 bathrooms and a double garage. Does that sound about right?
Thanks
I would like to know if we should put this property on joint names or just my husbands. He is on $50 0000 per year and I am on $20 000.
I am going to stop working in about a year because we are planning to start a family. So, because I won't be earning anything I am not sure if it's better for him to have it on his name only.
Another thing, I spoke to a quantity surveyor and he told me a rough estimate of the tax depreciation would be $4 000-$5 000 per year.
The house is four years old 3 bedrooms, 2 bathrooms and a double garage. Does that sound about right?
Thanks
