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Effectively, the break costs get sucked up in the re-fi process at settlement. So your paying interest ont he new loan, which is for the purpose of investment, so that's all good. I broke all of my fixed to 1) improve serviceability and 2) release huge chunks of equity for the next phase in my...

Deductable in the year they are incurred. The other loan fees associated with the re-fi etc. may be ammortised over 5 years, but these will be the chickenfeed fees. The break cost is the big one. I think I posted a PDF tax ruling on that inthe aforementioned thread.