Acquisition costs

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Ok. But I would expect CBA to do so as they are probably the biggest lender

 

@Paul@PFI - in the scenario where there are acquisition costs paid out of an investment split loan (e.g. doing a B&P for a specific property) and the purchase associated with those costs falls through (for any reason), is the interest on that investment loan still tax-deductible? ( assuming purposes are not mixed )

 

No, furthermore it would be a mixed purpose loan if not split.

 

Expect them not to charge? Its a strange one. I think St G have some silly little fees too.

 

@Terry_w I know this is an old post but I would be grateful for your thoughts.

If I paid for acquisition costs out of my IP loan (eg stamp duty, legals, etc) can I claim the interest on the portion of the loan that paid for those specific costs even though the acquisition costs themselves are not tax deductible?

Many thanks

 

Depends on how you paid for them assuming no detours etc then probably deductible.
Interest on borrowings for capital expenses can be deductible - the purchase of the property for example.

 

No detours. Thanks for that speedy response.