we own currently 3 properties (1 to her and 2 to me)and hope in the not too distant future to rent them out while we cruise ( we may have a 4th property by that time).....that been the case what is the most beneficial way to 'own' these properties?
we have no 'special' financial circumstance nor very wealthy and will use the rental income to finance our cruise and supplement any other income. With this in mind should we just keep them in private ownership or manoeuvre them into a holding company(ies)?
I remember reading some time ago of some idea where each of us would re mortgage them to an offshore company that the other owned and so could reduce tax paid on income because of the repayments or some such like?
Don't want to do anything illegal though open to debate about some thing possibly 'immoral' !
any ideas please?
Excuse the double posting with the lounge forum!