Positive cashflow property in low income earner name

Discussion in 'Loans & Mortgage Brokers' started by LEARNTOINVEST, 22nd Mar, 2022.

Join Australia's most dynamic and respected property investment community
Tags:
  1. LEARNTOINVEST

    LEARNTOINVEST Active Member

    Joined:
    14th Feb, 2022
    Posts:
    42
    Location:
    Australia
    Hi All,

    We recently signed sales contract both in our names. The property will be positive geared. I am planning the ownership as tenancy in common with 90%( Wife's low income earner 32.5% tax bracket), 10% (husband 37% tax bracket).
    We are planning to set up this way due to tax purpose.
    What are the cons of setting up the ownership as 90/10 ?
    I have 1 property in my full name, another property (50/50 with my husband). We currently have no kids but planning 1 in next 1 to 2 years.
     
    LEARNTOINVEST, 22nd Mar, 2022
    #1
Free Property Depreciation Calculator

Property Investors! Ready to Pay Less Tax? Estimate how much Property Depreciation you can claim on your Investment Property. Washington Brown's calculator is the first calculator to draw on real properties to determine an accurate estimate.