Search results

Thanks Terry, that's kind of what I thought the situation would be. I've managed to employ options 1 & 3 before, but I was discussing it with a friend this afternoon and the question came up.

I agree Dave, it makes sense. It's the argument I'd make. I suspect the ATO might look at it differently though. The new Loan B is a physically different account and it could be argued that it's purpose is to purchase the new PPOR, not the IP.

Talking with a colleague, we came across a tax and loan structuring conundrum... You have a PPOR with two loans. * Loan A is a normal non deductible home loan. * Loan B was an equity access and used as a deposit and purchase costs for purchasing an IP, as a result it's tax deductible...