De facto Relationship Property Ownership

I am considering to purchase first investment property in Brisbane but have been contemplating what would be best ownership structure.

Currently living with my partner on de facto relationship and partner does not have income at the moment ( career change ).

Have read some of posts and understand that buying property in single name rather than joint name can be beneficial for strategic tax reason. But I am just wondering would there be any circumstances be beneficial to buy in joint name ?

Love to hear some thoughts and viewpoints. Thanks .

 

Yes, many benefits
- estate planning
- asset protection
- one can't deal with the property without the other
- joint responsibility
etc etc

Get some legal advice before signing up on whether to own as Joint Tenants or Tenants in Common.

 

Thanks Terry. Just wondering any complications comes to de facto relationship? Just general watchpoints.
I will check out the details with lawyer as well.

 

Yes - they can end, perhaps more easily than a marriage.

 

From a tax perspective, the property in your name might be best. That doesn't address asset protection and estate planning though which should also be considered.