Property Deductible
July 14th, 2009
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Question: part of investment property paid from home loan – is interest deductible?
we are in australia – to purchase our investment property we got a mortgage on the property for 85% of the value and the balance we drew from our existing home loan. Is the interest on the amount drawn from our home loan deductible?
Answer: If it is a second of course it is.
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