Hi there Chris,

In answer to your question…
No, you can not claim all of the interest portion as you are buying an owner occupied home, not an IP.

Look at selling your existing home to purchase oo (owner occupied)& another full IP, this way your existing will not encur capital gains in the future & IP will be 100% tax effective.

Kiama

Dear Steve,

As a ‘one women’finance broker here in Brisbane, i have the joy of loving my work & clients.

I would love to have the opportunity to increase my client base with ‘like minded’ people that i chat with in your rooms.

This opportunity i would love to explore with your new look site.

I have clients in Sydney, Melbourne, Townsville,…[Read more]