Hi,
We are planning to build an extension on our PPOR.
One day this house will be an IP.
Is there any problem placing the 100k (increasing loan from 531k to 631k) which has been approved by CBA for this extension into the MISA offset. This way we can dip into it as required for our building.
This extra 100k, will then be tax deductible in the future when we rent out the house?
Thanks for any advice!
We are planning to build an extension on our PPOR.
One day this house will be an IP.
Is there any problem placing the 100k (increasing loan from 531k to 631k) which has been approved by CBA for this extension into the MISA offset. This way we can dip into it as required for our building.
This extra 100k, will then be tax deductible in the future when we rent out the house?
Thanks for any advice!