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IP to temp PPOR
We currently have $400,000 cash currently sitting in a savings account. We've set up two loans a week ago that have two seperate offset accounts. One loan is for $200,000 - the house we are currently living in. The other is a $425,000 loan in another state that I was going to put the remaining...- INVSTOR
- Post #3
- Forum: Accounting and Tax
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I
IP to temp PPOR
I can't quite get my head around options, PPOR rules, taxation etc. We currently have no PPOR and am living in IP. To reduce expenses I've set up two IP loans as offset accounts and using PPOR proceeds to offset two properties, one of which we are residing in. I'm not sure exactly how long...- INVSTOR
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- Replies: 6
- Forum: Accounting and Tax