hi
I currently own my PPOR with my wife. I am looking to purchase a investement property based on myself as the 100% owner, both on the title deed and finance.
I am unsure which mortage structure to use as I have had varying opinions from mortgage brokers.
Our loan on the PPOR is a line of credit.
Can any one help ???
ThanksPravs
It depends on what you plan to do.
Is your wife planning on leaving the work force in the future?
if YES then trying to claim negative gearing will be null and void for your partner that is not working if 50% of the mortgage was in her name.
If you are planning on 100% owning it and if you want to claim 100% of the interest costs against it then you need a the majority of the mortgage in your name.
If negative gearing you will find it hard to claim negative gearing if you use a Discretionary Trust Fund as losses stay in the fund rather than being able to claim the expenses against other income outside of the trust.
They are better for property that is positively geared or a balanced portfolio where a couple of houses make money and another one is not making money as they balance out over the trust fund.I may have not answered this question as I dmay not have understood what you meant by mortgage structure.
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