Hello all,
I've been thinking about the differences between the loan Top Up and Line Of Credit to access equity from my PPOR. The idea is to further invest it in IP.
Am I right assuming that topping up my PPOR loan and investing the money in IP will cause problems with tax management? If so, I suppose separate LOC would work better from tax perspective.
Alternatively, can I split my loan after topping it up to be able to use the funds in IP? Would it work better from tax point of view?
What's the usual way for investors to do this?
I've been thinking about the differences between the loan Top Up and Line Of Credit to access equity from my PPOR. The idea is to further invest it in IP.
Am I right assuming that topping up my PPOR loan and investing the money in IP will cause problems with tax management? If so, I suppose separate LOC would work better from tax perspective.
Alternatively, can I split my loan after topping it up to be able to use the funds in IP? Would it work better from tax point of view?
What's the usual way for investors to do this?