CLEARING THE FOG AROUND DEDUCTIBILITY
Investors can be forgiven for being confused by the detail associated with complying with the government's rules to phase out deductibility of residential investment loans. This article attempts to shed light on some of the scenarios and recap some of the fundamentals.
Firstly, deductibility of interest is determined by what borrowed money is used for, not the security provided. If a residential rental property is mortgaged to provide finance to purchase a commercial property the
