Can residual bond interest from one property be offset against rental income from another property?

By Nicci Courtney-Clarke · Updated

Convex

Convex said:
22 March 2016 at 13:43

I have two properties and I pay bond interest on both.

With regards to deducting bond interest from rental income, can residual bond interest from property A be deducted from rental income from another property for tax purposes?
TaxTim Nicci

TaxTim Nicci said:
22 March 2016 at 15:42

No, each property had to be treated separately when deducting the full interest, however if you are making a loss in one property it can offset the profits in the other.