Hi, We have just gone unconditional on our first IP in brissy. I am now trying to work out the best way to go for tax purposes. I earn around 170k a year, and my wife earns around 120k. My accoutant has suggested we just do a 50/50 split as we both earn good income and if we sell in the future (not planning to) this limits CGT. At the moment the property will be negatively geared as gross yield is only 4.6%. Now in around 5 years time I could potentially get a promotion which could see my income rise to around 250k a year. We are also not planning on ever having children although of course my wife could change her mind very quickly on that one hah! Basically I have come up with the following Pro/con list for a 95/5 split. Is there anything I've missed or can anyone offer any suggestions for our situation? Pro Interest rates will rise My income will rise Lisa may stop work in future Unlikely to be positively geared soon Con Higher CGT Might be positively geared 10 years time Thanks in advance!