Refinance costs

Discussion in 'Accounting & Tax' started by paguatao, 30th Dec, 2015.

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  1. paguatao

    paguatao Member

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    We recently refinanced our loans, our PPOR loan was increased and then split into 3 separate loans - 1 for PPOR, other 2 for investment properties. I'm assuming with the discharge costs and refinance costs, I then split these 3 ways to claim the appropriate one for tax?
     
    paguatao, 30th Dec, 2015
    #1
  2. Terry_w

    Terry_w Structuring Lawyer and Finance Broker - all states Business Member

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    It depends how it was done. Where costs directly relate to an existing rental property they would be deductible in the year incurred.
     
    Terry_w, 30th Dec, 2015
    #2