Hi,
Am I still able to offset the 100% of the interest if I redraw funds I have in loan property "A" to pay expenses related to property "B", including council rates, water, insurance and interest on the loan?
Both properties IP and are under my name, therefore everything goes to the same tax return by the end of financial year.
Thanks.
F.
Am I still able to offset the 100% of the interest if I redraw funds I have in loan property "A" to pay expenses related to property "B", including council rates, water, insurance and interest on the loan?
Both properties IP and are under my name, therefore everything goes to the same tax return by the end of financial year.
Thanks.
F.