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Hey Peter and Terry, Thanks for the help with trying to understand this. I am still uncertain what affects a contaminated loan has when it comes time to try and claim the deductions though. Let us say for example I contaminated my loan and mixed an IP with my PPOR and then tax time rolled...

Thanks Terry Just hopefully one final question. I understand the term "contaminated loan" but could I just ask what affect this does have? Does it mean an accountant cannot claim any tax deductions from this or does it just mean it is really hard and you risk making mistakes that could...

Sorry I thought I had this but now I have another question :p So if you own an IP paying P+I then as long as you are redrawing to buy more investments then you will not contaminate the loan? If you then decide you do want a PPOR and used a redraw you would contaminate the loan but this...

That now makes total sense! Thank you so much for clarifying this. Also a note to maybe avoid buying $200,000 ivory back scratchers! haha

Hey All, I have been reading about IO loans on investment properties and just needed some help getting my head around it. I posted this on another forum so sorry if you are reading this twice :P Scenario 1 Let us say I own an IP with a 300k IO loan and a 100% offset account. Let us say I...