Hi all
My wife and I are in the process of settling on a property that will be an IP for some time and eventually converted into out PPoR.
Our solicilor is asking what percentage amount we want to put in each persons name.
My income is around $70-77k while my wife's is around 20k.
Would it make more sense to assign a higher percentage in my wife's name for tax purposes?
What is the best recommendation or other factors to consider?
My wife and I are in the process of settling on a property that will be an IP for some time and eventually converted into out PPoR.
Our solicilor is asking what percentage amount we want to put in each persons name.
My income is around $70-77k while my wife's is around 20k.
Would it make more sense to assign a higher percentage in my wife's name for tax purposes?
What is the best recommendation or other factors to consider?