Hi,
I have two rental investment properties. One was PPOR now investment (property A) and another is investment (property B).
No loan on property A but loan with redraw facility on Property B.
If I use redraw facility to pay land tax (which is based on both Property A and B land values, both now income producing purposes), will the interest on loan for the redraw component still tax deductible and if so, does it need to be apportioned to what’s under property A and what’s under property B or it doesn’t matter?
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63 views
1 replies