house is purchased jointly but loan is taken by only 1 person.
how interest on loan can be claimed and fully or proportionately.
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Quick Summary
This discussion explores the tax implications when a property is jointly owned, but only one individual secures the mortgage. It questions whether the mortgage interest can be claimed by the non-borrowing owner and, if so, whether the full amount or a proportion can be claimed. The consensus leans towards only the individual who took out the loan being able to claim the benefit, but the extent of this claim (full or shared) remains a key point of discussion.