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Thanks Mry. Ruling seems to indicate that interest on the borrowing will be deductible if it is incurred for a income producing purpose. I will call ATO and my Tax agent to confirm this. Thanks

Thanks guys for your reply. I guess my only solution will be either wait for my existing lender to approve top-up (may be ask for extension to pay 10%) or Deposit Power. I will need to check with my solicitor which will be best option. Thanks Aman

Hi I need advise to make sure my loan is 100% tax deductable. I have just signed a contract for my 1st IP and would be topping up my loan with my existing lender of my PPOR to fund 10% deposit on the IP. Current Loan (PPOR) - $193K Estimate Cost = $325K Purchase Price of IP = $320K...