Interest deductibility on property

[Beano]

Has anyone read the legislation to see if "stacking applies".....

Option 2:

Stacking.

Under this option, taxpayers would allocate their pre-27 March loans, excluding any loans traced to private purposes,16 first to assets that are not residential investment...

[ak22]

Hi all,

Just want to get your thoughts on this matter.

Currently, partner and I have residential property in Auckland bought in 2010. Afterwards, used its equity to buy outside Auckland in 2015. Both Properties under ANZ, cross collateralised.

Major change is gonna...