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Quoll, Let me know what your accountant says. It's always good to check up on my accountants advice. After all it's my head on the ATO chopping block if it's wrong!!!!!! Jason

Rich The ATO ruled against capitalizing interest as Kieran suggests and that is what I mean by "only paying the interest out of our cash" but I am of the understanding that you can capitalize all other expenses. And that is what we are doing. This is what my accountant advised and I have...

Hi, Not sure if this would suit your situation but what we are doing is only paying the interest on the loan from our cash and paying all other expenses (rates, management fee's, repairs, accountants,etc) out of our LOC loan, which is tax deductable. So all the extra cash goes straight into our...