I have read my recordkeeping obligations in line with https://www.ato.gov.au/law/view/document?docid=TXR/TR20002/NAT/ATO/00001
However, one part is not clear is that if I hold a joint home loan and I am redrawing for the purpose of purchasing investments in my name solely, how does this impact on the amount of interest that I can claim? Is the interest on the deductible portions of my mortgage reduced by half simply because it is a joint loan?
Hi @LouiseT,
We've recently responded to another post that should help with this question.
Hello,
thank you for your reply, but I have checked the link post and it doesn’t relate to my query.
I understand how the redrawing of funds works where the loan is in a single name and the investments being purchased are in a single name however my situation is that my loan is in a joint name and I am redrawing against that joint home loan to purchase investments in my name solely.
15 Apr 2026 · 4 min read time
15 Apr 2026 · 8 min read time
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