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    How can we show a loan ($44k) to save some tax

    Thanks everybody, What we did with new loan $44? As I mentioned earlier, I borrowed form friend and kids. I repayed $41K to them. I did not pay interest on that money. Thanks.
  2. I

    How can we show a loan ($44k) to save some tax

    Hi, Let me clear about that loan. It wasn't for PPOR. We withdraw equity from PPOR, that is $44K for investment purpose. But we got that money after settlement of 3rd IP. Thanks.
  3. I

    How can we show a loan ($44k) to save some tax

    TAX Related advice please.................. We bought our 3rd IP in Dec 2009 for $290K. Total purchase cost $305K including LMI, borrowing cost, stamp duty, settlement fee etc. Bank lent us $264K and rest of $41K we raised by borrowing from friends, from son's saving etc. After 3 months we...
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