Simple example: LMI $10,000. Deduct $2,000 over 5 years.
At the same time deduct interest on loan including LMI and stamp duty. If you offset or pay off the loan the interest will decrease. If not it will stay the same.
Andrew
Yes the interest is deductible. You will only be using one loan.
The stamp duty will also form part of the cost base when you calculate CGT.
The LMI is a borrowing cost and is also deductible over 5 years.
Andrew