Viewing 2 posts - 1 through 2 (of 2 total)
Hi,
I have an IP in my name which I have obtained an additional seperate loan against in order to fund the deposit for IP2, which has been bought through my Family Trust.
Where do I claim the interest for this deposit – in my own tax return (as the loan is in my name) or in the Trust tax return (as that’s the Property the deposit was used to buy).
Thanks!
You need to speak to your accountant as the trust should have borrowed the money I think. Are you a trustee of the trust? Did you lend the money to the trust?
Viewing 2 posts - 1 through 2 (of 2 total)
You must be logged in to reply to this topic. If you don't have an account, you can register here.
