capitalised interest

  1. R

    Owning your home sooner - ATO & I

    I have filed for a private ruling, as to the deductibility of capitalised interest from LOC secured against a PPOR to service the IP loan. Talking to the ATO they accept that it tax deductible under 8-1 but are looking closely at applying part IVA. The ATO officer drew my attention to the...
  2. J

    Capitalise Interest and Paying Rent off your own home

    I have just received a PBR from the ATO agreeing that letting the interest capitalise on a rental property loan and using the rent to pay off your own home is not caught by Part IVA in the circumstances I outlined. Open the flood gates this means my client will be able to shift all her non...