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Thanks James, I had a quick look for an ATO reference but couldn't find one. I was sure that was the case, but I know there are some very knowledgeable and experienced people on this forum so didn't want to push what I thought was the case unless I was 100% sure, and I was only 99% sure. :)

That was my understanding, but I could be wrong. I've only come across a holiday house once a few years ago, and that's how I was advised to treat it. Also added to the cost base were repairs, rates and other costs. I'd actually be interested to hear what other people think, I was confident...

Yes If it is an income producing investment such as an IP, then yes it is deductible. If it is a non income producing investment such as a holiday house, then not deductible but does get added to the cost base.

Agree with the others who say it is deductible. I've never apportioned anyone's loan into the component for the house, and the component that relates to the buying costs. If what you said is true Kenster, then I'd say that 99.9% of people are doing it wrong. To be honest it doesn't even make...