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From: Stephen Thomas
Have bought our first IP, putting the property in my name, as it will be 'linked' to my salary alone. Can I get confirmation that the loans arranged for the IP can be in joint name (husband & wife), being more preferable to the bank, yet all interest tax deductible against my salary alone. I know Jan mentions this on P.163 of her new book, but I would like to know, in reality, the ATO accepts this.
Have bought our first IP, putting the property in my name, as it will be 'linked' to my salary alone. Can I get confirmation that the loans arranged for the IP can be in joint name (husband & wife), being more preferable to the bank, yet all interest tax deductible against my salary alone. I know Jan mentions this on P.163 of her new book, but I would like to know, in reality, the ATO accepts this.
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