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Thanks for the advice fellas, much appreciated. I will move the remainder back to the loan acct, they all offset my mortgage anyway (cba). Thanks!

Thanks Marty, It is in a separate offset. My intention is to use 50K for an IP purchase and the remainder for 'mixed use' (buffer, consolidation etc). Can I put the reno costs + purchase costs together? ie 50K or do I need 2 split loans? 40k and 10K? thanks

Hi, Just wanted some advice around splitting loans. Say I have an equity loan of 100K for investments. I buy an IP for 250K at 90%LVR. I settle on the IP and my total costs of purchase including deposit come to 40K (all of which came from equity loan). For tax purposes, do I then ask...