Search results

Exactly and therein lays the risk.;) Thankfully I don’t have PPOR debt any more but I can understand the opportunity to reduce bad debt makes these setups tempting but please consider the risk..... Whilst I don’t fully understand this thread I do know in the past, these technically legal...

I have been following this roughly so I cannot comment on detail but running a small business i do know how you pay for, pay off, apportion costs, etc.. is very critical to the ATO determination whether it is deductible or not. I would suggest having a separate LOC for investment purposes as...

Thanks Julia That is a good point to note that when the rule/s applies to other bus arrangments then it is more secure. Something to add to my end of fin year questions to my accountant. Peter

So has the deal been sumarised in dot points on exactly how is works? And if not is anyone with better tax knowledge than me willling to help us all understand? Reagrds, Peter 14.7

Thanks Shadow for your summary. It would appear a technicality is the key however don’t take my comment as anything other than an observation. What I can add, if a technicality (and I don't wish to advise anyone doing this to stop, but) history tells us these loopholes (low docs loans, put...

ditto Peter