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Would have thought that is ok. The intent is for it to be IO by the sounds. Just the way the bank calculated the interest and how much you pay that makes it vary. But I'm no tax lawyer.

I've had frieds that have reduced the rent to keep the property negatively geared. :confused: When I asked them shy, they said they did not want to pay extra tax. When I tried to explain that if you pay tax it means you are making money, they said that thet accountant said it was more...