Buying IP single name or jointly with Spouse

Build my first home 2 years ago in Central queensland and the PPOR is in my name only.Plan is to at some stage transfer the property in our Joint names if we ever decide to stay in it longer than our current plan of 7-8 years.
Have a tough time deciding wether to Buy my First Investment property in My name only or Jointly with Spouse.
I work full time and earn in the highest Tax bracket.My missus currently works part time and makes around $10000 PA.
I asked my accountant and she recommended that I buy the IP in joint names.
She said that the Loan could only be in my name but she would structure the Tax returns in a 99% to 1% (missus) split .
This would be beneficial if something happened to me and also during Tax time.
is this a good setup and any Pros and Cons to this approach.

 

get your own legal advice but:

Legal Tip 68: Avoid 99%/1% ownership of property Legal Tip 68: Avoid 99%/1% ownership of property

Strategy: Buying in Joint Names Strategy: Buying in Joint Names


Strategy: Buy the Main Residence in One Name only Strategy: Buy the Main Residence in One Name only

 

Why is this?

 

It would be detrimental if you could get only 1% into a testamentary discretionary trust!