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  1. O

    Limit to Tax deductable borrowings

    Reply: 1.1.1.1.1.1.1 From: Owen . Even if the interest on the $10k is not claimable, it's still far less out of your pocket than the interest on the $100k. $100000 * 6.5% = $6500 / 12 = $541pm $ 10000 * 6.5% = $ 650 / 12 = $ 54pm I guess it depends on how negatively geared you are as to the...
  2. O

    Limit to Tax deductable borrowings

    Reply: 1.1.1.1 From: Owen . I think the original question is can that extra $10k be used to pay the interest on the $100k? Is the interest on the $10k then claimable? Owen "Gambling promises the poor what property performs for the rich – something for nothing"
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