Can You Double Interest Claim?

In Australia, the interest on any borrowings is actually claimable. But if you've used a property for private use, that is not claimable. You can't double interest claiming by using an example. Any expense directly incurred to take out a loan to invest is claimable. This may be one loan establishment fees, two lenders mortgage insurance, three stamp duty charged to the mortgage. The borrowing expenses are slightly different to the interest on borrowings.