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From: Julie H
My husband and I are about to purchase our 6th IP and up till now all the previous IP's have been put in his name.
Should we now consider placing the next acquisition in my name or both?
From a tax standpoint my husband falls into the 30% tax bracket and I'm usually in the 17% bracket. As we are self-employed,our income fluctuates from year to year so this can change.
From a land tax point of view it may be better to put the next property in mine rather than my husband's , however, our land tax liability is relatively small thus far
and is a tax deduction any way.
Can anyone suggest the best way to go?
My husband and I are about to purchase our 6th IP and up till now all the previous IP's have been put in his name.
Should we now consider placing the next acquisition in my name or both?
From a tax standpoint my husband falls into the 30% tax bracket and I'm usually in the 17% bracket. As we are self-employed,our income fluctuates from year to year so this can change.
From a land tax point of view it may be better to put the next property in mine rather than my husband's , however, our land tax liability is relatively small thus far
and is a tax deduction any way.
Can anyone suggest the best way to go?
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