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Upgrading PPOR
Apologies. Obviously didn't read the post too well. Yes, the 200k will be deductible Cheers, The Y-man- The Y-man
- Post #8
- Forum: Accounting and Tax
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Upgrading PPOR
Depends where it is..... Cheers, The Y-man- The Y-man
- Post #4
- Forum: Accounting and Tax
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Upgrading PPOR
I would actually contemplate selling, and using the proceeds to buy the new PPOR (and an IP as well?). Cheers, The Y-man- The Y-man
- Post #3
- Forum: Accounting and Tax
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Upgrading PPOR
Not only would the interest on the 64k NOT be deductible, but the interest on the entire $264k will NOT be deductible. Cheers, The Y-man- The Y-man
- Post #2
- Forum: Accounting and Tax