All Topics / Legal & Accounting / Renting to Wife

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  • Profile photo of taleishataleisha
    Member
    @taleisha
    Join Date: 2002
    Post Count: 5

    If a husband and wife are separated (not divorced)& the husband has an investment property – can he rent it to his wife without any implications from the tax office?

    Profile photo of DerekDerek
    Member
    @derek
    Join Date: 2004
    Post Count: 3,544

    Hi Taleisha,

    Assuming the wife’s name is not on the investment property title it is possibly OK provided the rental rate is at market rates and there is evidence to support this.

    Recommend you get a couple of local property managers to assess the market rate of the property and charge no less than this. It may also be prudent to use the services of a PM.

    Ultimately in all matters taxation check this with your accountant before arrangements are finalised. Best to get it right from day 1.

    Derek
    derekjones1@bipgond.com

    Read my comments? Think I can help you? PM or email me.

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