W
WebBoard
Guest
From: Paul Hodgson
If husband and wife are planning to buy a
number of investment properties in the over the next few years. Is it acceptable ( for the first ) to structure the ownership as Tenants in Common with a 99% ownership to the larger income earner 1% to the smaller. Would it be acceptable to the Taxation Department as long as income and expenses are distributed in the same ratios. There is no other partnership under general law. Just co-owners of investment property.
Hope someone can assist
Paul.
If husband and wife are planning to buy a
number of investment properties in the over the next few years. Is it acceptable ( for the first ) to structure the ownership as Tenants in Common with a 99% ownership to the larger income earner 1% to the smaller. Would it be acceptable to the Taxation Department as long as income and expenses are distributed in the same ratios. There is no other partnership under general law. Just co-owners of investment property.
Hope someone can assist
Paul.
Last edited by a moderator: