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What do you mean by cross your ip with your PPOR. Are you are using your IP to secure the loan for your PPOR.

You are a bit late. I presume that you have paid off the principal of the IP, and have no funds in an offset account. The security of a loan is irrelevant for tax purposes. It is the usage of funds which the ATO look at. Therefore you will end up with; IP loan $140,000 (tax...