Evening SS'rs
I have done a bit of a search and can't seem to find the answer this one.
If I purchase an IP with equity from my PPOR that is negative geared and use additional equity from my PPOR (approximately $5000 annually) to fund the shortfall is the additional interest on the $5000 tax deductible ?
Thanks
Logan
I have done a bit of a search and can't seem to find the answer this one.
If I purchase an IP with equity from my PPOR that is negative geared and use additional equity from my PPOR (approximately $5000 annually) to fund the shortfall is the additional interest on the $5000 tax deductible ?
Thanks
Logan