Thanks heap for the detailed replyas it was most informative. I have put the question of my scenario to our accountant to seek his input and referred to the ruling you referred to.
Given the purpose of my second loan is purely to fund the shortfall/loss made by my income producing asset...
Could someone give me an insight into how loans must be structured in order to be able to claim capitalised interest as an income tax deduction - or can this not be done? It seems that various people are doing but I just want to know how.
We could use the example of 1 PPOR and 1 IP. I...
