When can you claim interest on investment property - when bank charges or when you make payment?

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KylieATO · Answer

You can claim a deduction for the interest incurred on your rental property loan, in the financial year (FY) you paid the expense. However, you can only claim the expense if the property was being rented out or genuinely available for rent. In your scenario it will be when you paid the interest, not when the interest amount was charged to your account.

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