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Reply: 1.2.2.1.1 From: Mike . Hi Dale, Until your post, I thought it wasn't necessary to deviate from established guidelines unless the ATO flagged a change via a Ruling. However, you say one must act on court decisions which change legislation, is that correct? Here is some info from the...

Reply: 1.2.2 From: Mike . Hi George, I'm in agreement with Sim's comments. Today, I made my own enquiries to the ATO. This is what happened: Dialing 132861, as quoted in the Tax Pack, I reached General Enquiries. I explained the entire situation to the adviser, including the bit about 10%...

Reply: 1 From: Mike . Hi George, Only the taxpayer(s) who has/have a legal interest as stated on the title deed can claim loan interest as a tax deduction. The fact that the mortgage is in two names is irrelevant to the ATO. Since you are using the borrowed money (loan) solely for...