OK - thought I'd ask interest deduction claim question. Here goes ... IP A - Owned outright under both wife and my name. 80% of total IP A value redrawn and invested in MF. Managed Fund is under wife's name only. For tax purposes - Income is split 50/50. Interest is what I am not sure about. Should it be split 50/50 also or should it be claimed under wife's name ? MF under wife's name only.