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Hello everyone, Very new to the IP area, but I need some clarification on a couple of things (they are likely to sound quite silly)... I am in the process of looking for my first IP and am reading a lot about the tax deductions that can be claimed against IP expenses. What I do not understand...

Hello everyone, I have recently joined the forum after making the decision to purchase my first investment property whilst still living at home with my folks. My budget will stretch to around $370,000 and I am leaning towards purchasing a house and doing some minor renovations if necessary...