Just wondering if there is something that I have missed or misunderstood. I had a PPOR that around 3 years ago I converted to an investment property when my wife and I bought a new property. I am the only person on the PPOR title (NSW) and mortgage. The wife is a stay at home mum with no income. It seems to be a perennial question, but it would obviously make sense to have the income from the IP be in her name and using some of her tax-free threshold. From what I have read here - how the income is split is dependent on who is on the title - so to move forward we would need to add her to the title and remove me (or split 90/10 or something to benefit her over me). But I can't see that working as I imagine the mortgagee wouldn’t be happy - not sure on this? Would just the adding her to the title trigger stamp duty? Perhaps I could transfer the IP to a trust - but I am sure that would attract stamp duty - but that might be worth it in the long term. Are there any other options? Many thanks for your thoughts.
a common question. it is not just a matter of adding her to the title, but she would have to borrow to acquire the property off you to be able to claim the interest. I have written some strategies about this topic here: 11 Strategies for when you move out of the PPOR and keep it https://propertychat.com.au/communi...n-you-move-out-of-the-ppor-and-keep-it.11311/
Terry - what I thinks he wants is to have his cake and eat it too. Unless I am mistaken, OP wants to keep the mortgage (and the deductibility) in his name (hence moving just the title), but at the same time give his wife the income (with tax free threshold).
You should be able to change the title as long as both are on loans if you still service and is spouse, you will pay stamp duty - only divorce may avoid that. How would this work if both are on loan already and only one on title ?
