Jeff, thanks.

A few comments.

Capitalising the interest doesn’t matter to us now as we paid out the non-deductible part of the loan.

We do have a formal partnership from the mid 80’s for other business, ie not related to IPs (not sure if that is relevant or useful to know).

Our problem has come to the fore as we were looking to refinance…[Read more]

I’m in Canberra.

The IPs are in Qld.

Steve