7 year ago, I had 2 investment properties with 2 investment loans (including 2 offsett accounts) and 1 Home loan. Investment offset accounts had no money in them so I was paying interest and claiming it as expense.
5years ago, I sold the house we were living in and paid off the home loan and had surplus money.
I transfered the surplus money into the 2 investment offset accounts and remainder kept it in interest earning savings account. So for the last 4 years or so I paid no interest on investment loans and did not claim any interest.
Last year I bought a house again to live in using the surplus money (including money from the 2 investment offsett avvounts) from selling my home 5 years ago. So for the last year or so I have been paying interest on the investment loans. Just want to confirm that I still can claim the interest I paid last year for the investment properties as an expense?
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