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Shruthi(Newbie)Newbie
7 Aug 2024

Hi there,


I hope someone could help me understand the following:


I took out a loan in March 2023 with an LMI ($11000) to built an investment property. The property was available for rent from Feb 2024. I refinanced in March 2024 without any LMI.


My question is, would I be able to claim LMI although the loan has been paid off (refinanced)? If yes, would I be able to claim only for the month of Feb 2024 or for the reminder of the 5 year period from Feb 2024?


Thank you!

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360 views
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Bruce4Tax(Taxicorn)Taxicorn
8 Aug 2024

available for rent from Feb 2024. I refinanced in March 2024 without any LMI.


Amount from March 2023 to date rented = holding cost


Then remaining balance claimed when original loan paid out in March 2024 (less any refund)



All replies

Shruthi(Newbie)Newbie
8 Aug 2024

Hi @Bruce4Tax, based on the above, am I still eligible to claim the LMI for the reminder of the 5 year period (~ 4 years) ? Thank you!

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Will I be able to claim LMI on an investment property after refinancing? | ATO Community