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Reply: 2.2.1.1.1.1.1.1.1.1.1.1 From: Geoff Whitfield Sim, Yes, you're right. I cannot claim the principal expenditure items on my tax returns. But I can claim the interest on borrowings for principal expenditure items- as long as they are for income producing purposes. Thanks for the...

Reply: 2.2.1.1.1.1.1.1.1.1 From: Geoff Whitfield Martin, An accountant will step in on this one if I'm wrong- I hope! My understanding is that there are a number of items which I can't claim on tax- but if I use my LOC to pay for them, I can. So I can't claim for the cost of a house, but I...

Reply: 2.2.1.1.1.1.1 From: Geoff Whitfield Watto, I'm not increasing my LOC. In the above example, I have $10K available in my LOC. That's what I'm using for my share investment. But then, having paid $10K of my mortgage and added $10K to my LOC, I can go to my friendly bank manager and...

Reply: 2.1.3 From: Geoff Whitfield What I'm trying to do is reduce my non-deductible mortgage on my own house and increasing the deductible LOC. $29.95 does not change the payments much. But, for instance, If I received a tax refund cheque for $10,000 I could decide that I could invest...

Reply: 2 From: Geoff Whitfield Kevin, I agree completely with Duncan- but if you're new, do you understand the abbreviations? PPOR = Principal Place of residence LOC = Line of Credit loan (Taken against your house). So you can take a loan against the equity in your existing house. You can...