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So in order to have a tax deductible IP, you'll have to buy it as an IP from the start? And once you live in it or use funds from the loan for private purchase, the interest on the loan will not be tax deductible? Is this correct? I would rather not sell because if I was a (student, couple...

Hi guys I've been reading this http://www.somersoft.com/forums/showthread.php?t=54387 and this http://www.somersoft.com/forums/showthread.php?t=54502 but it's giving me a headache. My situation: Current PPOR - townhouse Purchase price: 260k Loan: 100k variable + 100k fixed...