From: Alan Hill
I was wondering if one of our friendly accountants could answer a question for me?
Let's assume your PPOR had been used to cross-collaterise at least one Investment Property and then you refinance all properties including your PPOR. Various LOC's are subsequently put in place on your PPOR for various Investment purposes and the Investment Property Loans effectively 'stand alone'.
As part of the refinancing I realise the Stamp Duties, Breakcosts etc on the Investment Properties would be tax deductible, but what about these costs on the PPOR?
The PPOR was previously being used for Investment purposes of a sort via cross-collaterising an Investment Property. Also the purpose of all the refinancing, including the PPOR was to enhance investment structuring.
Would any breakcosts and other costs related to the PPOR Refinance be tax deductible?
Thanks in advance guys.
I was wondering if one of our friendly accountants could answer a question for me?
Let's assume your PPOR had been used to cross-collaterise at least one Investment Property and then you refinance all properties including your PPOR. Various LOC's are subsequently put in place on your PPOR for various Investment purposes and the Investment Property Loans effectively 'stand alone'.
As part of the refinancing I realise the Stamp Duties, Breakcosts etc on the Investment Properties would be tax deductible, but what about these costs on the PPOR?
The PPOR was previously being used for Investment purposes of a sort via cross-collaterising an Investment Property. Also the purpose of all the refinancing, including the PPOR was to enhance investment structuring.
Would any breakcosts and other costs related to the PPOR Refinance be tax deductible?
Thanks in advance guys.
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