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Reply: 3 From: Geoff Donges Thanks Robert, Dale, Rolf & others. It is all very clear to me now, thanks. It's the way I was assuming it was, but my friend is still not totally convinced. Robert - it was this friend who told me: Someone said this to me on the subject: "INTEREST on the LOAN...

Reply: 2.1 From: Geoff Donges Thanks for the replies Dale, Geoff. I'm still not absolutely clear on this. I do NOT have a LOC. I'm talking about redrawing cash that I have put into the loan over & above the minimum monthly amount. It is an investment loan with Aussie with a no cost redraw...

From: Geoff Donges G'day all, After a recent thread in regard to LOC's & interest/tax, I was wondering if someone could tell me exactly how this goes. (I'm a bit thick :o)) Some time ago I posted a question asking if I could claim the interest on a redraw from my PPOR loan for the deposit &...