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16 May 2024

I recently purchased a property which has tenants until September.

My bank has said that they will honour the PPOR mortgage rate, given I am planning on moving in once the tenants lease has ended.

Does not having an investment loan prevent me from claiming the interest payments from my mortgage repayments + other deductions (property management fees, insurance)

Additionally, how do I calculate the breakdown of interest vs principal?


Thanks in advance

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1 replies
140 views
1 replies

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Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
16 May 2024

Does not having an investment loan prevent me from claiming the interest payments from my mortgage repayments + other deductions (property management fees, insurance)


No


Additionally, how do I calculate the breakdown of interest vs principal?


The loan statement will show the interest.



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Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
16 May 2024

Does not having an investment loan prevent me from claiming the interest payments from my mortgage repayments + other deductions (property management fees, insurance)


No


Additionally, how do I calculate the breakdown of interest vs principal?


The loan statement will show the interest.



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