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  1. DaleGG

    "LOC, interest and tax"

    Reply: 2.2.1.1.1 From: Dale Gatherum-Goss Hi Lars I don't think you will need a commercial reason other than the fact that you are separating your loans for practicality reasons. Furthermore, the courts have found that your proposal is reasonable and so the interest is tax deductible...
  2. DaleGG

    "LOC, interest and tax"

    Reply: 2.2.1 From: Dale Gatherum-Goss Hi Lars! The important thing within that court case was that the judge decided that the interest was tax deductible . . . he then decided that the way that the loan product worked meant that Part iVA applied and so he disallowed the interest. This is...
  3. DaleGG

    "LOC, interest and tax"

    Reply: 2 From: Dale Gatherum-Goss Hi Lars >I recently went to a seminar >where they talked about >property investments and bank >loans. One scenario that was >promoted was as follows: > >Loan A - A line of credit loan >for my PPOR >Loan B - A line of credit loan >that has equity in my house...
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