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Doredale(I'm new)I'm new
17 Apr 2025

I chose to demolish and rebuild an investment property. This property was purchased for investment and was negatively geared, prior to demolition. Can I Iive in this newly constructed property and still gear the interest on the outstanding investment and construction loan for it?

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YellowPotato(Taxicorn)Taxicorn
17 Apr 2025

The deductibility is on the purpose of the property. Most likely no deduction if it's not available for rent or won't be used for rent.


If you need confirmation it would be best you ask ATO's tailored technical assistance or see a tax agent.

Liked by Brijesh_

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