sorry guys may seem like a stupid question but i was wonderin with negatively cashflow property any money u pay towards the loan you can claim back on tax is that right.
if so i was wonderin if the same princable allpies with positivly properties if you choice to pay off more then you have to can that also be claimed
I’m not an accountant, but my observation is that only interest can be claimed, not the principle.
any money that is put towards reducing down the loan is not claimable!
with positive geared properties, you can claim it, but what are you offsetting against if you are making a profit?
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