7:55 AM, 9th April 2018, About 5 years ago 2
I am aware that income from property owned jointly by married couples needs to be split 50/50 for tax purposes (unless form 17 has been filed), but do expenses from jointly owned property also have to be split 50/50?
My situation is that I manage our 2 jointly owned rental properties, including paying the mortgage and covering all expenses.
Can I claim 100% of the expenses against my 50% share of the income?
Thanks to anyone who can help with this.