Search results

G'day BC, Exactly right, BC. So are you going to take the remaining $40k and INVEST it in shares? I didn't get that impression from your earlier post. Once more, as a reasonable man, I think you are stretching it to think you can spend it however, yet still claim a Tax deduction...

G'day BC, As a "reasonable man", I would think that this implies that the $40k HAS been paid back, then borrowed again as a Personal borrowing. As such, the loan would no longer be deductable. You may not PHYSICALLY pay it back, but the Interest on that $40k would remain a Personal...

A well-read, well-respected thread - thanks Corsa. I've made it a sticky so we all don't need to Search for it, Regards,