Claiming Interest

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From: Projects .


If I borrow to pay interest payments on an investment property, can I claim the interest on the borrowings used to pay the original interest payments? If not, can the interest cost be offset against any future capital gain?

Projects

There is more than one way to climb a mountain.

 

[DaleGG]

Reply: 1
From: Dale Gatherum-Goss


Hi

No, as a rule, you cannot claim the interest on interest . . .

Dale