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Can residual bond interest from one property be offset against rental income from another property?

Posted 22 March 2016 under Tax Questions


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Convex says:
22 March 2016 at 13:43

I have two properties and I pay bond interest on both.

With regards to deducting bond interest from rental income, can residual bond interest from property A be deducted from rental income from another property for tax purposes?

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TaxTimTaxTim says:
22 March 2016 at 15:42

No, each property had to be treated separately when deducting the full interest, however if you are making a loss in one property it can offset the profits in the other.


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