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Thanks, I've made extra payments into the loan over the years and redrawn back some amounts at various times to pay for small expenses, do these withdrawals need to be deducted to arrive at a deductable balance? The redraws were not extra borrowings they we just redrawing some of the extra I...

Current PPOR has a loan of $260k (with $40k available on redraw) I intend to increase this loan to $400k to release $140k as a deposit on a new PPOR and then rent out the original house. Loan is now contaminated and only the interest on the original $260k is tax deductible correct? Does the...