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?
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
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