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Reply: 1.1.1.1.1.1.1.2 From: Rolf Latham Hi Richard This be a good point, thanks for that. I always insist on separate structures, never mixing PPOR with IP debt, so the 10 % for the IP deposit would always be in a separately drawn facility I think we are talking the same logic in...

Reply: 1.1.1.1.1 From: Rolf Latham Hi Dale Thanks it does help. I wasnt looking for a concrete answer - we all know at the fringe there is no such thing. The depreciability but I was obviously aware of, as with all borrow costs. What about this way, Dale and Richard ? Client buys at 80...

Reply: 1.1.1 From: Rolf Latham Hi Richard Thanks for that. That is indeed the traditional view. My argument is that the LMI premium would not be incurred but to fund the related purchase of an income producing asset - unlikely to hold water though. Looks like we are back to charging the...

From: Rolf Latham Hi all you tax people :o) Scenario: Client has 20 % deposit and wants to buy PPOR. Becuase only 80 % loan no lmi payable. If however he/she borrows at 90 % and uses the other 10 % for the purchase and costs of an investement property the LMI premium on the PPOR loan would...