Hi,
I have a friend that paid off their PPOR then bought another PPOR and moved the finance to it and rented out the old PPOR. They say they are claiming the interest on the old PPOR as all the finance is on the house.
Is the interest on the old PPOR that is now an IP fully tax deductable even though it was paid off?
I have a friend that paid off their PPOR then bought another PPOR and moved the finance to it and rented out the old PPOR. They say they are claiming the interest on the old PPOR as all the finance is on the house.
Is the interest on the old PPOR that is now an IP fully tax deductable even though it was paid off?