mo replied to the topic Purchasing investment property from spouse in the forum Help Needed! 9 years 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! 9 years 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! 9 years 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 9 years ago
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