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Tax deductibility question - funds used for repairs

Discussion in 'Accounting & Tax' started by HappyCamper, 21st Apr, 2016.

  1. HappyCamper

    HappyCamper Active Member

    18th Jun, 2015
    I refinanced an investment property loan in 2014 to pull out some equity and make the next purchase. After making the next purchase, there were some leftover funds which I have left in the loan itself (not the offset). Am I able to use these funds to pay for a repair on another investment property while keeping the tax deductibility of that loan?