Your Investment Property forum is the place for positive industry interaction and welcomes your professional and informed opinion.

tax advantages for married couple

Notify me of new replies via email
belinda | 26 Oct 2013, 03:06 PM Agree 0
3 reads

my husband and I recently bought 2 investment properties in both our names. my husband earns most of the money and with my income I paid only around $200 in tax. I just did my tax return and was told that as the property is in both our names that the negative gearing that went against the properties for tax was split in 2. therefore we missed out on thousands of tax write offs.
I am wondering how I would go about taking my name off the investment properties so that we can get maximum tax benefits.
thanks(I live in south Australia)
Post a reply