Hi folks,
After having done a search on these forums, just to make it clear in my mind...
If I had IP#1 that I drew down $100k from to fund the deposit for IP#2, and one day I make IP#2 my PPOR, am I still allowed to claim a tax deduction on the $100k I drew-down? I presume the answer is no, but is there a time-limit exemption such as for CGT and PPORs?
Thank you
After having done a search on these forums, just to make it clear in my mind...
If I had IP#1 that I drew down $100k from to fund the deposit for IP#2, and one day I make IP#2 my PPOR, am I still allowed to claim a tax deduction on the $100k I drew-down? I presume the answer is no, but is there a time-limit exemption such as for CGT and PPORs?
Thank you