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Thank you MikeF. 1. So it would be tax deductable if I borrow money from someone else's LOC ? 2. you mentioned corporate trustee for the bare tursy because that is the bank lender's requiremen. My question is: if the transaction has no bank lender (the lender is a relative with a huge LOC)...

Hi MikeF, The SMSF's trustee is my self +my partner, says A&B here is a large LOC under A&B using equity of A&B's principle residence. We intend to use this LOC to purchase an IP in the SMSF. The bank is the lender but does not care what we do with the money, no mortgage on the IP so do I...