Situation as below ;
Spouse A tax position 47% incl. Medicare. Company director.
Spouse B tax position negligible due to max salary sacrifice and franking credit recipient, No risk individual.
The plan is to acquire Negatively geared CG assets in Spouse A's name. Over time, equity to be released from these CG assets and loaned / gifted to family trust. The idea behind this is to maximise deductibility and reduce asset risk exposure over time. Obviously this wont take all asset risk off the table, but if equity exposure is reduced by 50-70% then that is acceptable given the negative gearing benefits. Appreciate comments guys, and any other ideas for this type of situation
Spouse A tax position 47% incl. Medicare. Company director.
Spouse B tax position negligible due to max salary sacrifice and franking credit recipient, No risk individual.
The plan is to acquire Negatively geared CG assets in Spouse A's name. Over time, equity to be released from these CG assets and loaned / gifted to family trust. The idea behind this is to maximise deductibility and reduce asset risk exposure over time. Obviously this wont take all asset risk off the table, but if equity exposure is reduced by 50-70% then that is acceptable given the negative gearing benefits. Appreciate comments guys, and any other ideas for this type of situation