Hello everyone! I am new to the forums, so excuse me if I've added this to the wrong section. I bought my first property early 2011, and took advantage of the first home owners grant and stamp duty exemption. I was also lucky enough to have my parents provide me with a "gift", because my borrowing capacity was limited at the time. I had rented out my property earlier this year, and for tax purposes, I'm making a profit (unfortunately, my interest repayments are less than my rental income). Anyway, separate to this, my parents put a deposit on an Off the Plan unit last year, which is due to settle in 2 months, but, right now feel they may not be able to make the repayments on this new investment once the ball is rolling as my mom is planning on retiring soon. I suggested to help pay off that mortgage, but I realised since my name isnt on contract, I'll be paying her mortgage without the interest deduction, AND getting taxed on the net profit Im making on my own property! I'm not sure what the best option is, but I was thinking if she transferred the ownership in half to me (joint tennants or tennants in common?), I will be able to lower my tax? Can anyone give guidance as to what is the most tax effective method for me to go about this? Thank you so much!