From: Jason C
Ok guys I am not sure if this will make any sense or if it is possible but i will try and get it all out...
Say you have a home that is worth in rough figures $300 000 and at present $160 000 or so is owing, this home being your place of residence. And you are looking at moving to another city, Turning the home into a rental and purchasing a new home in the other city. The new home being somewhere around the high $100 's Now is it possible to use the equity in the current home to put a large deposit on what will become the PPOR and increase what is owing on the CURRENT PPOR so as to gain the maximum tax advantage when this property becomes a rental?
Now I am not sure if that makes any sense to anyone out there, but any thoughts or other possibilities would be greatly appreciated.
Thanks
Jason
Ok guys I am not sure if this will make any sense or if it is possible but i will try and get it all out...
Say you have a home that is worth in rough figures $300 000 and at present $160 000 or so is owing, this home being your place of residence. And you are looking at moving to another city, Turning the home into a rental and purchasing a new home in the other city. The new home being somewhere around the high $100 's Now is it possible to use the equity in the current home to put a large deposit on what will become the PPOR and increase what is owing on the CURRENT PPOR so as to gain the maximum tax advantage when this property becomes a rental?
Now I am not sure if that makes any sense to anyone out there, but any thoughts or other possibilities would be greatly appreciated.
Thanks
Jason
Last edited by a moderator: