If the purpose of a loan was to purchase a PPOR and then in 6-12months i rented the property out for the remaining years, will the interest repayments be tax deductable?
I cant remember where i read it, but i heard that repayments will NOT be deductable since initial purpose was for personal uses.
Can anyone confirm this?
THanks in advance!
I cant remember where i read it, but i heard that repayments will NOT be deductable since initial purpose was for personal uses.
Can anyone confirm this?
THanks in advance!