Sorry for dumb question but..
Suppose husband and wife buy an IP as joint tenants. If negatively geared then 1/2 of loss is deducted from gross salary by both. Do they have to have taken out the loan in joint names for this to occur. What if the loan is only in the husband's name?
Thanks
Suppose husband and wife buy an IP as joint tenants. If negatively geared then 1/2 of loss is deducted from gross salary by both. Do they have to have taken out the loan in joint names for this to occur. What if the loan is only in the husband's name?
Thanks