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...
A trust is one way to do it. Another is as you mentioned. Tax Tip 79: Interest Deductibility for 1 on title 2 on loans https://propertychat.com.au/communi...deductibility-for-1-on-title-2-on-loans.5838/
Benefits of Washington Brown's Referral Program Maximum Deductions | Be Rewarded for Your Time | Discounts for Your Clients | Guaranteed Turnaround Times | ATO Compliant Reports | Option to Process Reports Online | Experienced Staff | Get Your Reports Faster and Choose Washington Brown » Get In Touch Today