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From: Anonymous
My husband's income is a lot higher than mine -hence he pays far more tax. Our 1st investment property was put in both our names which we have since learn't should have been just in his for maximising negative gearing. If we change the loan to his name only it will cost us approx $7000 in capital gains tax. Is it worth changing it now for the long term benefit?
My husband's income is a lot higher than mine -hence he pays far more tax. Our 1st investment property was put in both our names which we have since learn't should have been just in his for maximising negative gearing. If we change the loan to his name only it will cost us approx $7000 in capital gains tax. Is it worth changing it now for the long term benefit?
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