tax - joint owning IP

Discussion in 'Accounting & Tax' started by S0805, 6th Sep, 2016.

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  1. S0805

    S0805 Well-Known Member

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    contemplating the idea of owning IP in different way than single ownership. I read in other topic between spouses you can have both spouses on loan and one on title. In this way the spouse on title receives all the +/- gearing benefits. Is this clear cut from tax point of view, do ato accepts this as valid arrangement. also, when IP gets sold i assume spouse on title is liable for all capital gain...

    If it can be done its good in a way that servicability issue can be solved by two incomes but gearing benefits are allocated to one spouse only...anyone has seen or done some sort of arrangement...
     
  2. Terry_w

    Terry_w Structuring Lawyer and Finance Broker - all states Business Member

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    A trust relationship?
     
  3. S0805

    S0805 Well-Known Member

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    You lost me
    Terry. This is for married couple....
     
  4. Terry_w

    Terry_w Structuring Lawyer and Finance Broker - all states Business Member

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    S0805 likes this.