Search results

"RE: Link Loans, Anyone know?" Reply: 1.1.1.3.1.1.1 From: Sim' Hampel Yes, of course you need to still make repayments on IO IP loans - and I guess this is the main difference between what I am suggesting and what the linked loans let you achieve. So as you pointed out, you need to find a...

"RE: Link Loans, Anyone know?" Reply: 1.1.1.3.1 From: Sim' Hampel Hi Dunc, It is simply a combination of using an IO loan for your PPOR (if your bank will let you) with an offset account attached to it. Then, pay all income (rental plus personal) into the offset account to minimise your...

Reply: 1.1.1 From: Sim' Hampel Anyway, a combination of Offset accounts and IO loans will get you pretty much the same result, so no point playing tag with the taxman in my opinion. Go see an independent mortgage broker who will explain the best and most tax effective way to set it up for you.

Reply: 1 From: Sim' Hampel There are ATO rulings which specifically deal with such PPOR/IP link loans. I'm not sure of the exact implications, but I would get some specialist advice before proceeding. Some reading material...