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Reply: 2.1.1.1.2 From: Paul Zagoridis Refinancing an asset and investing the proceeds? In most cases I think the interest would be deductible. If you had $50K lying around and bought an IP then refinanced the IP to get your $50K back. No interest deductibility unless you "invested" the 50K...

Reply: 2.1.1 From: Paul Zagoridis Now if the IP was owned by an entity or a partner, AND you loaned them the deposit and legals and purchase expenses (document it). Then interest on the refinanced drawdown is deductible because it is swapping one form of debt to another. But you didn't...