Search results

If you are saying the original $280k loan is separate from the $100k redraw facility then I don't see a problem with the deductibility of the original $280k. Am I right in saying you have the following arrangement: $280k loan $100k loan offset by $100k cash in account

Your only hope is the original 67% is protected but that depends on how you arranged it. As mentioned above more details are required. With the salary deposit, spend on card arrangement the funds are quickly flushed through for non deductible purposes so I would guess your redraw component is...