Hello property experts,
I have a scenario currently:
A friend of mine is planning to buy an off the plan apartment in the Docklands. He is a permanent resident working in Australia. However, he wants to purchase the property with his mum, who is a foreigner living overseas. In the future, they play to rent the apartment out. Now my question is, is this a tax effective structure? Or would it be better to purchase it under a different arrangement (i.e. just in the name of one person).
He is not eligeble for FHOG.
Much appreciated,
I have a scenario currently:
A friend of mine is planning to buy an off the plan apartment in the Docklands. He is a permanent resident working in Australia. However, he wants to purchase the property with his mum, who is a foreigner living overseas. In the future, they play to rent the apartment out. Now my question is, is this a tax effective structure? Or would it be better to purchase it under a different arrangement (i.e. just in the name of one person).
He is not eligeble for FHOG.
Much appreciated,
