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  1. Redom

    Turning PPOR into IP

    Not an accountant, but pretty sure it won't be deductible. The purpose of the top up is for non deductible purposes. Whether it was paid down weekly or in a lump sump doesn't matter - unless i've missed some tax ruling that says otherwise.
  2. Redom

    Turning PPOR into IP

    As others have said not much you can do here now - but over time as you grow your portfolio you can start employing a debt recycling strategy to assist in churning non deductible debt to deductible debt.
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