If I bought a rental property under my own name, and it was negative geared (losing money), and the loss was deducted against my income. After a few years, the rental is now making money. What happen if I transfer it to my spouse who is not working (or have a share ownership)? Do we share the profit? Or it will still be treated as my rental property so tax is deduct against my income (high tax bracket)?
Thanks.
Thanks.
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