Interest only loan calc7/6/2023 ![]() ![]() He takes out an interest-only loan for $350,000 at 2.5% p.a. and decides to buy an investment property, which he intends to renovate and rent out for five years before selling it. Use the interest-only loan repayment calculator to tell you how much your total interest will be over the life of the loan – and this is the amount your will be able to claim as a tax deduction over the term of the loan.įor example, a software engineer in Sydney earns $125,000 p.a. This means if an investor takes out an interest-only loan, the entire cost of servicing that loan can be claimed, which can provide a very valuable tax advantage. Property investors are entitled to claim any interest charged on a loan for investment purposes as a tax deduction. ![]()
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