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  1. S

    Interest on Interest and Capitalising Interest - the Facts

    Hi Les Thanks for your reply I will look into it further.. Perhaps i have misunderstood the a/c Cheers BC
  2. S

    Interest on Interest and Capitalising Interest - the Facts

    Hi Les Yes i understand your point but isn't it the PURPOSE of the Loan and not the Security. So if the Security is sold the purpose of the loan is to invest if you keep investing with this account (LOC) the its still deductible. If you sold the property and only got the loan amount...
  3. S

    Interest on Interest and Capitalising Interest - the Facts

    Hi all Ok lets put some numbers to this and see what your thoughts are Accountant indicates this set up does not need to be paid. Equity in PPOR say $100,000 used for investment purposes Loan on IP purchase $200,000 80% LVR ($40,000 deposit) from PPOR Equity / Balance ($60,000) Ok...
  4. S

    Interest on Interest and Capitalising Interest - the Facts

    Hi all My questiion is if you have tax deductible debt on a LOC for an IP and you sell the asset so now you have no income producing asset. Is the LOC interest still tax deductible. cheers BC
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