Reply: 1.1
From: Marina .
I have copied the ATO Interpretive Decision to this question.
Please note this decision is current and it looks quite simple to me. You can claim this deduction if you are building an investment property on vacant land.
THE ISSUE:
Is interest on a loan taken out to...
From: Marina .
After talking to a few people from the forum and going through various posts I noted that there is a lot of confusion to this question.
After searching the ATO website I found out that Interest on a loan taken out to fund the purchase of vacant land held for future income...
