Hi,

I have exactly the same question, just want to clarify – i can borrow the deposit and claim the interest charges on that deposit against my annual tax? Is there any special structure you are talking about as the bank doesn't assign the property against the loan for the deposit. My accountant gave me a response that just confused me – something about capitalization when the property is built and can be rented. All I really want to know is, should I borrow the deposit or use my savings for the deposit for an investment property off the plan. Yes or no answer was what I was after…