tax deduction question

Hi all my partner and myself bought a ppor in both our names.

My question is if we moved out and rented would i be able to use my income alone for tax deductions because renee isn't working she is staying at home with new bubby.

thanks in advance
Jaime.
 
Your income will always be yours. You must be referring to the interest cost? Rent will be used to offset any interest cost then the balance you split 50/50with your Mrs. So no, you don't apply 100% of the losses against your income as the property is in here name.

Good luck with the IP acquisitions.
 
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