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
Have a look at https://propertychat.com.au/community/threads/tax-tip-4-borrowing-to-pay-investment-expenses.1554/ Also, a bunch of these Tax Tips have been listed at https://propertychat.com.au/community/threads/terrys-tax-tips.3010/