Hi guys, Just looking for general advice before I proceed. We just bought an investment property and settlement will happen in the next month or so. Planning to renovate the bathroom and do some painting, blinds and other minor things before renting it. Budget is $15K. Some things will be DIY and some other will require tradies. We have a loan split from our Home that was used for the IP deposit, stamp duty and conveyancer costs. We could also use money from our PPR offset. Questions are: 1. Is the interest from the portion of the loan split used to buy tools and materials (DIY) and to pay tradies tax deductible? 2. If not, What would it be the best way to approach a minor reno (DIY + tradies) from the financial point of view. I already know that a quantity report after the reno is a must. However, I'm not sure how all this works when tax time comes. Read a bit about it here, in my case Loan and reno are on the same IP, dont think i need another split, do I? LoC funds for renovation - interest deductible? Legal Tip 15: An issue with mixed purpose loans where both portions are investment. Cheers, Lewis.