To my understanding, costs like interest, need to be portionedbased on income not names on the account.
E.g. if you own 100% of the investments, borrow to buy those investments, andthe loan is 100% in her name, you claim the interest as the deduction needs tobe related to income.
- Forums
- ASX - General
- ATO Proportioning of Interests Deductions
ATO Proportioning of Interests Deductions, page-2
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)