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PeteMC(Newbie)Newbie
19 June 2023

Hi,

Is loan interest deductible when an investment property is listed for sale vacant?

Tenant moved out in August, property listed for sale in September, property sold and settled in December.

Is interest deductible in the rental schedule for the whole period?

Thanks

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286 views
2 replies

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Most helpful replyATO Certified Response

Bruce4Tax(Taxicorn)Taxicorn
ATO Certified Response20 June 2023

Is loan interest deductible when an investment property is listed for sale vacant?


No, because property is not rented or available for rent.


Interest adds to cost base as a holding cost.


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Most helpful replyATO Certified Response

Bruce4Tax(Taxicorn)Taxicorn
ATO Certified Response20 June 2023

Is loan interest deductible when an investment property is listed for sale vacant?


No, because property is not rented or available for rent.


Interest adds to cost base as a holding cost.


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