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As the expenses are paid out of the rent first, I would declare 50% of the rent as income, claim 50% of the expenses. I have said the $40k is mine and anything else over that left in the account is his, therefore would I be paying tax on 50% of the rent,but not actually receiving that because it...

We are 50/50 on title. Wondered if it could be worked out taking the whole of rent, less interest, less expenses = then the surplus of rent over interest due equals the whole, then I would get 16% of that surplus as my share of the saving on interest because of the amount we have in the offset...

My partner and I have an investment that is now cash flow positive. He has $250k in the offset account,and I have $40k. After the rates and body corporate are taken out, how do we aportion the balance of the rent each month? We want to keep the money in the offset, just keep a track of whose...