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Thanks for the replies, Skater, PT Bear and Bernardp. From your responses it sounds as though this is possible. I shall check with my accountant before I actually make the transaction though! :eek: Regards Jason.

Hi all, I am wanting to transfer some $ from one LOC to another. Both LOC's are used for investment purposes only. Will I interfere with the deductiblity of the LOC's if I do this transfer? The reason I am wanting to transfer funds is to run my mortgage payments through a LOC which needs...