Tax?

[Manhattan]

His tax man is correct. You include it in whoevers income is higher. This is because it is an offset, and only reduces the amount of tax you pay. So you are better off utilising it in the return which pays more tax which will be the higher income earner. Hope that makes sense.

[Jaycee]

Suga has explained it perfectly!

[EdisonCheug]

i have the same question..
and i now know a little about it. thanks for you guys who answered the question.