Have an investment property that has NOT been rented since 1 Jul as it has been prepared for sale & was sold end Aug.
Hence this will be no rental income this financial year.
Interest on the loan financing this property, will be paid up until settlement in November.
Can this interest be offset against other income eg dividends?
If yes, and the interest is more than other income can this ‘loss’ be carried forward to the next year?
Could the interest alternatively be added to the cost base of the property?
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239 views
3 replies