Q My husband has owned a property for 12 years in his own name with no mortgage, making about $30,000 a year in profit. He is also settlor of our family trust, which owns another property bought on behalf of our kids, unfortunately now making a large loss of about $40,000 a year, with the increase in interest rates and other costs.
The trust owns our family home, which we are paid $13,000 a year in rent for an office for our business which we run from home full time. We have thought about selling my husband's inner-city Auckland investment property, but it is down in value. However, it's likely to come back in value quicker than the other property. We are prepared to fund the loss but would like to