investment property A with loan amount 500k, refinance to 600k and use the additional 100k to pay for the 10% deposit required for an off-the-plan investment property B, which settles 2 years later. Is the interests on the 100k tax deductible?
If it's, when claiming this, should this interests belong to the property A or property B?
If it's property B, then should the interests be carried over 2 years later when it settles?
评论
The extra 100k taken out to purchase property B is for income producing purposes. The extra interest is deductible.
Interest is deductible when it is paid.
评论
but should it be claimed under property A or B?
评论
B
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