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What is the total amount that ashleigh can claim

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Question - On 14 August 2020, Ashleigh borrowed $640,000 from Westpac, which she used to purchase a three-bedroom house in Chermside. The property has been exclusively rented out to tenants since this date. The loan was for a period of 20 years. On 14 August 2020, being the date she took out the loan, Ashleigh incurred loan establishment fees totalling $4,200. As at 30 June 2021, Ashleigh paid interest totalling $16,480 on the bank loan for the period 14 August 2020 to 30 June 2021, being 321 days. What is the total amount that Ashleigh can claim as a deduction for the 2021 income year?

Reference no: EM133163867

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