The ATO says I can immediatly deduct borrowing expenses. However my lender included all these in the loan amount to me so am deducting interest on these (tiny fraction of capital of course). Please send a link to on the great tax tips if this is covered. Clearly I would rather get a break on the expenses now, not on the interest. Do I pay down the expenses on the loan and then declare the expenses? Do I declare the expenses and pay the refund to the loan? Do I just declare the expenses and keep to ATO refund? I know its not a large amount - but nor is my margin on my IP ;-) Thanks in advance!