Yep - Its also worth also mentioning that borrowing to buy shares isn't always deductible. Borrowing to buy shares that may appreciate in value isn't necessarily deductible. The key test is that of producing assessable income (not a capital profit!!). Buying shares that have never paid a...
Any funds you draw on the existing IP must pass a test of deductibility. The new loan amount is not deductible against the IP but against the income earned from the new investment. In some cases it may not even be deductible. Worth getting personal tax advice first. The new investment must...
