Reload original page
 |
|
|
Negative Gearing and Name on Loanmaxxyb [1 Posts] Hi Is it only the person/s who have their names on the property title who can take advantage of negative gearing? And, does transferring a title from one name to two names, in an investment property, attract stamp duty? Qlds007 [4204 Posts]  Yes it would attract both Stamp duty and possibly CGT but in saying this it may still be worth it. We regularly assist clients in transferring their property into a Trust structure where they have a limited amount of tax deductions and are looking at ways of paying down their non deductible PPOR debt. Cheers Yours in Finance   bardon [263 Posts]  Maxxy, your name doesn't have to be on the title but it does have to be on the loan to get -ve gearing. The title can be held by another entity eg a trust. AVD [8 Posts] If the property is bought through a Hybrid Trust then whoever is issued the Special Income Units is the person that benefits from the negative gearing. Generally the higher income earner as they get the biggest advantage tax wise. Regards, Alysha Terryw [6491 Posts]  bardon wrote:
Hi Maxxy If a trust owns the property, then it is the trust that claims the interest. The only exception is if the trust is a unit trust or a hybrid trust and the unit holder borrows the money to buy the units. Terryw Peet [4 Posts]
bardon wrote:
Maxxy, your name doesn't have to be on the title but it does have to be on the loan to get -ve gearing. The title can be held by another entity eg a trust. Hello Regards |
User loginBest Seller
In The NewsAuctions - lonely affairs? The global crisis is creeping into the property market with auctions becoming lonely affairs and Melbourne clearance rates falling. No Housing Revival Just Yet! Auction clearance rates slumped again over the week-end leading experts to advise investors that they will have to wait another year for a revival in the housing market. RBA Slashes Rate RBA announces the biggest rate drop in 13 years - down 1%! Today's TipIntegrity can be sold but not bought. Always adopt the highest ethics in your investing <more> Active forum topics1st home owner grant to double Author: Don. Tax opportunities on rental properties Author: DWG Who's OnlineTake The Test
|
|