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Start up costs

Discussion in 'Accounting & Tax' started by Logan, 21st Sep, 2015.

  1. Logan

    Logan Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    146
    Location:
    Sydney
    sorry I am sure I have asked this before but I can't find the answer. If I use a loc or similar for start up costs like insurance, cleaning, stamp duty, LMI etc will the interest I am charged on these borrowings be deductible ?

    I already have a loc on my ppor which I am using for the deposit so I planned on using the same loc to fund these other start up items but just wanted to check I was not going to contaminate the loan.

    Thanks

    Logan
     
    melbz likes this.
  2. srirang

    srirang Well-Known Member

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    19th Jun, 2015
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    Location:
    Melbourne
  3. Logan

    Logan Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    146
    Location:
    Sydney
    Excellent - thanks this is exactly what I was looking for !
     
    legallyblonde likes this.