Important:
Brokers should select the Tax Deductible checkbox or Yes from the Tax Deductible dropdown only if the investment loan qualifies for Negative Gearing under the current Federal Budget rules, including:
New residential builds:
A newly constructed apartment bought off the plan;
A duplex constructed through a knock down rebuild replacing a single freestanding house;
Any residential construction on previously vacant land;
A newly built property which is occupied for less than 12 months before being sold.
Residential investment properties held (or under contract) before 7:30 pm (AEST) on 12 May 2026.
Brokers are responsible for confirming that the investment loan meets the applicable eligibility requirements before selecting Tax Deductible.
Deal
Existing Mortgage Loans - Liabilities Tab:
If the loan meets the criteria, you should tick the tax deductible box, when selected, the loan is included in the negative gearing calculation.
Proposed Mortgage Loans - Product Search Tab:
When a new investment security is added, the option for tax deductible is displayed with a yes or no option. If the loan meets the criteria and you select yes, the loan is included in the negative gearing calculation.
Compare Products Tab:
There is a box in the Compare Products Tab to be selected to note that it should be included in the negative gearing calculation.
Quick Tools
Existing Mortgages:
If the loan meets the criteria, you should tick the tax deductible box, when selected, the loan is included in the negative gearing calculation.
Proposed Mortgages:
If the loan meets the criteria, you should tick the tax deductible box, when selected, the loan is included in the negative gearing calculation.
As a reminder, brokers are responsible for confirming that the investment loan meets the applicable eligibility requirements before selecting Tax Deductible.