151 - Spousal property transfers as a tool to boost tax deductions
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151 - Spousal property transfers as a tool to boost tax deductions
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Summary
In this episode we cover a couple of strategies to increase tax deductible debt when upgrading the family home via the use of a spousal transfer strategy.
When most of us think about this type of scenario, we think of splitting assets when relationships end. Fortunately this strategy is for happy couples wanting to go from single ownership to joint ownership and improve tax deductions. Even better is that in many states this can be done with no or minimal stamp duty consequences. So tune in and learn a little more about what is involved and remember, this particular type of strategy will need several professionals involved to pull it off, so get professional advice before you do!
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