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Reading from ruling: "The line of credit will be obtained on a capitalised interest basis as you do not wish to use personal funds to service these investments." Wonder what this implies re use of investment income such as rents or dividends (presumably this is different to 'personal...

Tax Deductibility of Capitalised Interest Where No Non-Deductible Debt Involved Where one has no non-deductible debt and a positive, neutral or negatively geared IP portfolio, and one wishes to use some/all of the rents to live off (essentially living on rent retirement/semi-retirement...