Hi,
I'm looking for advice regarding the best way to structure my loans. For example:
Loan 1: $200k against PPOR, with a valuation of $1 mil
Loan 2: $600k against Investment property with a valuation of $1 mil.
Bank agrees to refinance up to 80% of the combined properties, so new loan size will be $1.6mil.
How do I structure it properly so that in the future, should I invest in properties or shares, it will be tax deductible? Also, with the investment loan, should I split it two way again as I don't want to contaminate the loan with tax deductible vs non tax deductible.
My thoughts:
Loan 1: New Mortgage Size 800k against PPOR. 800k sitting in offset account?
Loan 2: New Mortgage Size 600k against Investment Property (tax deductible).
Loan 3: New Mortgage Size 200k against Investment Property (not tax deductible).
Which offset account should I use to take out funds for future property investment or share? How do I claim a tax deduction for those funds taken out?
3 offset account or 2?
I'm looking for advice regarding the best way to structure my loans. For example:
Loan 1: $200k against PPOR, with a valuation of $1 mil
Loan 2: $600k against Investment property with a valuation of $1 mil.
Bank agrees to refinance up to 80% of the combined properties, so new loan size will be $1.6mil.
How do I structure it properly so that in the future, should I invest in properties or shares, it will be tax deductible? Also, with the investment loan, should I split it two way again as I don't want to contaminate the loan with tax deductible vs non tax deductible.
My thoughts:
Loan 1: New Mortgage Size 800k against PPOR. 800k sitting in offset account?
Loan 2: New Mortgage Size 600k against Investment Property (tax deductible).
Loan 3: New Mortgage Size 200k against Investment Property (not tax deductible).
Which offset account should I use to take out funds for future property investment or share? How do I claim a tax deduction for those funds taken out?
3 offset account or 2?