The point being Wooduck , and I tend to agree ..the bank should...

The point being Wooduck , and I tend to agree ..the bank should not be making comment on your personal situation with regard Tax .

I disagree however that ( on current standing ) you wont have a future problem . I owed 200k , on useless vineyards that I have paid out ( prior to BEN ) , This is a vastly different situation , taxation wise , to someone who has taken a loan ..and now says " Its no good ..I wont pay " ..but want to retain the tax deduction ????

The investment has NOT been made ..What are you deducting ? Anyone knows , investment ..good or bad ..must be an actual investment .

I could have put my 200k into RIO , refused to pay the loan and be sitting on 315 k ( approx ) ..

You cant have it ALL ways , you take a loan ..you pay the loan , you take the risk with that loan , Its your investment decision .