When is Interest Deductible - Core Principles & For Non-Business Individuals

Learn key principles on interest deductibility and how it applies to individuals, covering specific rules and common scenarios.

In this session, we cover:

• Introduction

  • Specific legislation

  • General principles of deductibility

  • Limitations to deductibility

• Interest on rental property loans

  • Prepayments of interest

  • Apportionment

  • Negatively geared arrangements

• Loan related issues

  • Redraws

  • Refinancing loans

  • Split loan facilities

• Hypothetical interest deductibility test

• Apportionment and record-keeping