Recent content by russjames

  1. R

    Owning your home sooner - ATO & I

    I have filed for a private ruling, as to the deductibility of capitalised interest from LOC secured against a PPOR to service the IP loan. Talking to the ATO they accept that it tax deductible under 8-1 but are looking closely at applying part IVA. The ATO officer drew my attention to the...
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