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Hi again, Thanks too all for the prompt feedback! Very much appreciated :) Jrc - thanks for pointing me to Steele's case! I was always under the impression that it wasn't deductible but instead capitalised. This is good news, but I will clarify my situation with the accountant...

Hi all, I have a bit of a dilemma and need some advice from my fellow SS team. I am in the process of purchasing 2 properties in Melbourne from the same vendor. One is a house and one is a vacant block of land. The purchase is a private sale so no agents are involved. My plan is to rent out...