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Reply: 2.1.1.1.2.1 From: Michele B Good. Thankyou Dale and Paul! Here's a real life query related to the above. Maybe you can offer a suggestion esp as I doubt I'm the only one with this dilemma. Property 1 is an IP with equity. Property 2 is also an IP but I'd like to make it my PPOR. What...

Reply: 2.1.1.1 From: Michele B >Then interest on the >refinanced drawdown is >deductible because it is >swapping one form of debt to >another. But you didn't charge >interest? Zero interest loans >can be commercial in the right >circumstances. Paul can you please expand on this a little...

Reply: 1.1 From: Michele B Dale Hmmmmm. I'm told you can no longer refi an IP, use the proceeds for further IP investment and claim the interest, because the ATO sees this as giving you two bites of the same sticky bun. Can you please shed a bit of light on this for us? michele