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You sound like an accountant. I did not nominate it as PPOR . I prepaid my interest at settlement June 2010 after the tenants decided to not extend their lease which then i considered moving to do up the place. I also organize a buildling permit to do some internal renovations and will be later...

i prepaied this financial year (2009/2010) 24K on settlement to offset capital gains on other properties. I called the ATO and Anyway i explained my situation as the intention is to do up the place slowly and then rent it out later down the track. or sell in a year's time. They claimed the...

If i bought a place as investment, paid the interest in advance for a year and claim it for this financial year. What if i change my mind and decide i want to move into it? Would the interest still be deductible? i have not nominated any place to a PPOR