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  1. BayView

    Is it better to pay off business debt or mortgage first?

    I think he's trying to avoid the tax to be paid if he takes a dividend to pay the PPoR mortgage.
  2. BayView

    Is it better to pay off business debt or mortgage first?

    PPoR mortgage is non-deductible debt. Business is deductible debt; therefore costs less. Speak to your accountant, but you may also be able to take some funds from the bus as a "loan" to you as the Director? You have to repay the loan in due course, but it is a business expense. You use the...
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