Investment Property Deductions

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(Newbie)Newbie

26 July 2024

Hi,

I have investment property that have an rental income in positive gearing and equity of more than 100k.

We took the equity and invested in separate two properties. We are paying interest for the loan (equity of the house). We recieve also a positive geared rental income.

My question can I deduct the interest I paid since last year for the equity loan can be deducted from the income tax or my total income tax? and can you please put more breakdown.

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