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Understand. But in my original question there was no undeductible interest. We have an investment loan and the whole interest is deductible to both A and B. "Example: Property investment loan is in 2 names Anna and Bob." B wants to redraw and invest in his own name claiming income and...

Hey Jason, Redraw or a separate loan is irrelevant. The question is if the loan is in 2 names but the investment is in only one name, who can claim interest expense on their tax return? Cheers,

Hmm, doesn't seem like we reached a consensus... Refinancing is unfortunately not an option. I tend to think that the right way (as suggested) would be for Anna and Bob to sign a loan agrrement for $50000. So Bob would claim interest on $50000 taken from the redraw and also interest on $50000...

This is actually more of a tax question... If a mortgage is in 2 names (with wife) and I redraw to buy investment in my own name, would I be able to claim a deduction for the whole interest? Example: Property investment loan is in 2 names Anna and Bob. The loan is interest only and has...