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Hello The way I understand it is this....lets say you paid your loan down to X. If you then re-drew money for private purposes (say "Y") you can NOT claim Y as tax deductible when you convert your PPOR into an IP. The only loan amount that is tax deductible is X, NOT (X+Y). It does not...

Hi Rolf, I'm really interested in this issue too but must admit I also don't really follow yet. Could you explain again? Cheers John