Reply: 1.1.1
From: Rolf Latham
Hi Sim
Not too much. Tends to be more of a prob for the LMI people. Understand that an interest only investment loan carries a higher risk than an owner occupier.
So the LMI people look at it like you putting a turbo on the Laser :o). They want to reassess the...
Reply: 1
From: Rolf Latham
Hi Adrian
While you are occupiying the premises and it is not available for producing income I think you would get a hard time at audit if you claimed for interest during that period.
Once you have the place available for rent then I believe you can claim the...
