Can I claim interest costs for a personal loan to a friend?

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(I'm new)I'm new

12 Sept 2023

I'd like to lend some money to a friend with an interest free period of 2 years with the intent of interest required to be paid from the 2 year mark at a 0.5% market rate premium. I'd like to fund this by using equity within my PPOR. Am i able to deduct the interest against this equity on my tax with the knowledge that the eventual income generated from this loan would need to be accounted for as income?

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