Hi Richard,                     I dont own any properties this will be my first but my parent have been generous enough to allow to me to use one of their investment properties for equity /LOC.Is it better to buy a brand new property for tax purposes (negative gearing). I have spoke to so many accountants & property consultant but the view are ver…[Read more]

See I have a similiar question. I am looking purchase my first IP and Im looking to buy a new property to avoid paying so much tax. I do however plan to also build up a portfolio. Should I then look to purchase the first one under my name for benefit of negative gearing and then following properties under a trust name??