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Thanks Mel. I am thinking along the same lines.

Interesting. My argument would be that a private LOC is a financing decision on my behalf and the vehicle I have chosen to pay my interest as and when it falls due. The dominant purpose for having two LOC's is to separate private and buisness debt. Deductions are in no way increased as interest...

Terry, I am hoping I wont need to, as I wont be claiming any interest from the A account as a tax deduction. I understand it is capitalising and mixing debt but should be a non-issue as the account is for private use.(?) It has happened, Terry, but “was charged to” loan A. I calculated the...

Terry - Lender is ANZ bank, and yes the reason would be tax deduction. What else could it be? Separation of Ded and Non Ded debt? That again is for the tax deduction. Aaron - I'm paying a package fee which covers all of the accounts. I trust this is deductible? BTW guys, I am borrowing the...

Thanks for the replies, guys. Rolf, I am happy with the structure, it just cost a lot. That is not their fault and is a long story – essentially we agreed to the new loans, the original arrangement they proposed struck a hurdle with my previous banks’ insurance underwriter so we consented to...

Thanks for the reply, Rolf. Ummm, I dunno if it is prudent to mention who the 'they' is. Does it matter? Cheers Ian

Hi all, new member here. I wish I had found this forum 6 months ago and done a bit of research then. A bit embarrassing, but here is my situation. I am one of the many who has been talked into a property investment scheme by one of the familiar (to you guys I am sure) property investment /...