From prosolution.com.au: Investors have three options for personal property ownership: joint ownership, sole ownership, and tenants-in-common (TIC), each offering unique benefits.

Sole ownership can maximize tax savings and minimize land tax liabilities, while joint ownership simplifies estate planning and reduces capital gains tax liabilities.

TIC structures provide asset protection and can enhance tax efficiency by allowing for specific ownership percentages, which may be beneficial in various financial scenarios.