PPOR with GF

[Jboz]

Hi,

I have a PPOR with say 300K (numbers are just examples) loan, with a 100K offset account against that loan. It was an old house that I was living in.

I have since built a Granny Flat with 200K Loan and now living in the Granny Flat and renting out the original old front house.
So now I have in total 500K loan with 100K offset.

Wondering how I should structure my loans for tax purposes (legally of course) that would be most beneficial to me?

Many Thanks

 

[thatbum]

Are they separate loans? You make it all sound like one loan account...

 

[Jboz]

They are separate loans.

Thanks

 

[Jamie M]

Having separate loans is the most important thing - and you've got that covered.

I'd make the IP loan interest only - and possibly the GF loan too of you're disciplined with money.

I'd also link up an offset to the GF split.

Must be a very fancy GF for $200k!

Cheers

Jamie