Hi when people here buy IP's with their wifes or husbands, do they buy in a Trust Structure or tenants in common or joint tenants. Also what % do you split with your spouse.
any ideas how to approach this.
hi,
i think all 3 ways would be used by different people.
it depends on what suits your sitiation.
there are fors and againsts for all.
i also find it difficult to determine which is best even when i weigh up the good and bad of all structures.
most property investement books i have read explain the ins and outs of different ownership structures.
a lot seem to favor trusts.
but margaret lomas does not really speak in favor of trusts. her books are very interesting and are worth reading.
good luck,
frosty
It depends on your situation.. We own 2 IP .. First IP was (tennant joints) 50% wife and 50% husband.. Im not working so my husband can only claim 50% on tax.. Meanwhile my other 50% tax losses sits there till I get a job. Second IP (tennants in common)we cut it into 95% husband and 5%wife, cause It will be a while till I decide to go back to work. Just make sure you update your will.
As has been said there is no right or wrong answer.
Each individual client has separate cirumstances and goals.
Advice would change for each client.
Richard Taylor | Australia's leading private lender
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