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Question of the Day: If you were buying a TV today, which brand would you choose?
Investing
- Thread starter CJ@1
- Start date
. You seem to have given lots of thought to this and most likely much more than people replying to this. So always take peoples thoughts with a pinch of salt.
Any income from rent increases that person's annual income. Ideally, you would want the spouse with the lowest annual income to own the house, so it doesn't push you into a high-income tax bracket.
Don't forget to deduct the interest portion of your rental house's bond when you do your tax return. Look into all available tax deductions if you receive rental income.
Don't buy a cheap house in a dodgy area. You will spend more time chasing your money than you would in a better area.
Don't forget to deduct the interest portion of your rental house's bond when you do your tax return. Look into all available tax deductions if you receive rental income.
Don't buy a cheap house in a dodgy area. You will spend more time chasing your money than you would in a better area.
Thanx guys, what I have decided to do now is kill off the bond asap and build cash in satrix then hopefully I can keep my place I have now and have a nice deposit for a new place in a better area. As to the house going into the lower incomes spouse, I am the higher earning but I get a housing subsidy too so by transferring to her name would mean no more subsidy. Atm I have about R80k at my disposal, would it be better to plow about R20-R30k into bond and keep the rest as mentioned I want a big deposit of about R300-400k in 2-3 years time.