Recent content by curgy

Thanks for your reply Terry_w Originally my reference to "borrowing expenses" was loan establishment cost etc. which I believe can only be claimed over 5 years. If I borrow against my loan to cover the loan establishment cost, is the interest deductable & if so in the same year or over 5...

I will be borrowing over 100% of the cost to cover land purchase to turn key completion for my IP. 1. If I borrow additional funds to cover interest payements during construction, is the additional interest deductable. 2. If I use the loan to cover Council rates, utilities, insurance etc...