mo replied to the topic Purchasing investment property from spouse in the forum Help Needed! 10 years, 10 months ago
.. the funds that I originally used to purchase the property, that is.
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mo replied to the topic Purchasing investment property from spouse in the forum Help Needed! 10 years, 10 months ago
Thanks for the confirmation.
The property is solely in my name and I have an audit trail to show that the funds originate from my personal wealth.
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mo started the topic Purchasing investment property from spouse in the forum Help Needed! 10 years, 10 months ago
Could there be any tax problems with my wife buying my investment property from me at market price?
She would take out an 80% bank loan and later claim the the interest as deductible lending costs to reduce tax payable on the rent money, which would now add to her accessible income. I would use the sales money to pay off some off my debts.
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mo became a registered member 10 years, 10 months ago
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