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原帖由 花天堂 于 2009-3-9 09:22 发表
Bro I am not rich man lah.... living on the borrowed money.....
I am not sure if I want to do it as LAQC.... still thinking.
I dont have to sell the house.
but selling it will eas the pre ...
You should setup an LAQC and transfer your existing house over because:
- currently it's probably owned by yourself and your wife, if you setup an LAQC you can set it up the way such that 99% of the loss is deductible on your tax income (which is ideal since your wife isn't working full time and have no plan to for short period of time).
- currently you are probably owing 50% on your existing house and 80% on your new house. If you structure the loan right (subject to bank's approval) you might end up with 100% owning on existing house and 65% on existing house, which mean in terms of monthly mortgage payment that have to come out of your pocket it stays the same, but you maximise the loss that are transferable to yourself.
Obviously there are cost and other hassle that associate with the setup and transfer, but personally i think there's no better time to do it than now.
NOTE: talk to your accountant to find out details bout the best way to structure it etc, above are just my personal limited view. :) |
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