Buying loan in my wife's name while i take loan
This query is : Resolved
Madhusudhan Y
(Querist)
07 June 2019
I'm a married male person. My wife is not working. I'm going to buy home with loan. It seems it is possible to register it in my wife's name while I take 100% loan. In such a case, can I get tax benefit on home loan interest?
Amol S Joglekar
(Expert)
07 June 2019
if you buy the house in BOTH names and loan in your name, then you can get the benefits of interest on housing loan
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Madhusudhan Y
(Querist)
07 June 2019
Thanks Amol. If I register the house in both of us, can I get all the tax benefit that I would get if I register in my name alone? Or I get only 50% of the tax benefit?
Amol S Joglekar
(Expert)
07 June 2019
both names, full benefits if the loan is in your name
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