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Reply: 3.1 From: Lotana Von Amor Ok, after talking to my accountant and reading the ATOs web site I am convinced that if you bought an IP with some funds borrowed from a bank and the remainder "borrowed" from a friend or relative interest free, and then refinanced (up to the original purchase...

Reply: 3 From: Lotana Von Amor Thank you all. I am going to talk to my accountant tomorrow. He is a very smart chap, runs a busy practice and develops small projects at the same time. I can't wait to hear what he says - he must know the trick. Promiss to share it with the forum. Cheers, Lotana

From: Lotana Von Amor Hi, What do the experts think about deductibility of the interest in the following scenario: I buy an IP for $200K all up (inc costs) borrowing $120K int only. In few years time the IP is worth (bank valuation) say $250. I refinance gearing it up to 80% LVR or $200K...