Thanks Terry, yes I read that ruling. I liked the 2001 info as it specifically mentioned other cost like the rates. It also mentioned that if you use it as guidance you may be challenged to repay but not be penalised. I think with the tax ruling and the other 01 info Im fairly safe.The tax guy i spoke to had agreed with claiming the interest but…[Read more]

Thanks Terry, that is just what I was looking for.http://law.ato.gov.au/atolaw/view.htm?docid=AID/AID2001479/00001found this link here that explains my situation exactly Shame the guy at the ATO doesnt know the rules. He told me I could only claim on the interest nothing else.Thanks again