Visa and Tax Declarations

Any property needs to be in the applicant’s name to qualify as an investment under the requirements of the LTR. Therefore, the condo in your wife’s name cannot be used.

You can use the property to qualify for the property investment requirement, but as it is in joint-ownership between you and your wife, half of the purchase price can be used towards the investment requirement for the LTR as the property is considered to be shared 50:50 between the applicant and spouse.