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That's different to how I've previously had it explained. Are you saying if someone acquires an IP on June 1st (ie, late in the financial year), then they should only claim 1/60th of the borrowing expenses?

Purchasing costs - not deductible whether ppor nor IP. So a non issue at this point. They do form part of the CGT calculations when you sell, though. Borrowing costs - these are deductible over 5 years, ie 20% of them per year. So, if it was ppor for 2 yrs and IP for 3 yrs, then I think it'd...