My wife and I have an IP shared 50:50, though with my wife now full time mother etc I'm seeking to move to 99:1 sharing arrangement for tax planning reasons.
I understand CGT is triggered (confirmed with ATO), which is fine and would be largely offset by IP deductions between the 2 of us.
Questions
What forms are required to effect the transfer? Is this a simple stat dec?
What other non CGT issues exist?
Are there valuable sources of advice / reading on the subject
Hawk
I understand CGT is triggered (confirmed with ATO), which is fine and would be largely offset by IP deductions between the 2 of us.
Questions
What forms are required to effect the transfer? Is this a simple stat dec?
What other non CGT issues exist?
Are there valuable sources of advice / reading on the subject
Hawk