With the ATO crackdown on capitalizing of debt (with an aim to "pay off your home sooner"), what debt recycling is still possible?
Say you had the following loans:
PPOR loan $300k
IP1a loan $130k (secured against PPOR)
IP1b loan $430k (secured against IP1)
IP2a loan $260k (secured against PPOR)
IP2b loan $560k (secured against IP2)
And both IP1 and IP2 where negatively geared, any thoughts on what debt recycling may still be possible? With aim to pay down non deductable debt ASAP.
Regards,
Jason
Say you had the following loans:
PPOR loan $300k
IP1a loan $130k (secured against PPOR)
IP1b loan $430k (secured against IP1)
IP2a loan $260k (secured against PPOR)
IP2b loan $560k (secured against IP2)
And both IP1 and IP2 where negatively geared, any thoughts on what debt recycling may still be possible? With aim to pay down non deductable debt ASAP.
Regards,
Jason