in the ops case, he could fully repay the 850 k loan with the 850 cash and redraw the next dat
the redraw would be regarded as a new loan
Pls seek specific tax device
ta
rolf
Not deductible since u are using savings
But
Can be made deductible in most cases with a little bit of loan fiddling and case notes
See your banker or broker and tax adviser
Ta
Rolf
