investment property

[andyandy1974]

My husband and i have just bought our first investment home, we wanted to get it in just hubby's name but as we needed the deposit out of our equity in our own home a percentage had to go in both our names, we wanted it in hubby's name due to him being the higher tax earner, i only work 8 hours per week, when it comes to tax time how does this work to claim the maxium, as we are putting around $150.00 pw to the house, at the moment the rates are just in hubby's name, but this morning the body corpoate fees arrived in both names, would i be best changing that to just one name, or is it ok in both, but if left in both does that not mean there is only i percentage we can claim back, i do not really earn enough to pay any tax to claim back, hope this is not to confusing
thankyou

[andie_pandie]

Thanks for your post, in this situation if might pay you to speak to your accountant as this is a tax question and I can not give you my opinion on this.

You do need to make sure that the structure is set up correctly from the start. I am sorry I can't give you any advise. I can only give general information regarding general loan and mortgage questions.

Regards

Andrea