Hi there,
I am looking to see if there is anyone similar to my position to see how you would structure your loans.
I had just purchased a PPOR (3rd property) and will eventually have 2 investment properties, 1 to each individual name on title and loan. The new purchase is in joint name.
The bank said the 2 individual name titled/loaned properties will need the loan to be changed to joint name. I am wondering if tax deduction would be halved as a result? How would you structure if it was you?
Thanks
I am looking to see if there is anyone similar to my position to see how you would structure your loans.
I had just purchased a PPOR (3rd property) and will eventually have 2 investment properties, 1 to each individual name on title and loan. The new purchase is in joint name.
The bank said the 2 individual name titled/loaned properties will need the loan to be changed to joint name. I am wondering if tax deduction would be halved as a result? How would you structure if it was you?
Thanks