mmm ... yet another take
you are really saying that you are only allowed to capitalise interest & expenses for the net loss :
net loss = (interest + expenses) - rent
Can you provide an ATO reference that states this ?
Not sure what you mean by this.
The crux as I read it is (please correct me if I am wrong) ...
You can claim the interest on a loan used to pay interest & expenses for an investment property
Nice thread.
The only problem I see, is claiming interest on interest incurred on the Property Cost A/C. The Property Cost A/C isn't generating any income so this wouldn't fit with the guidelines
