Hopefully a simple question...
I have an IP with an IO loan. If I get another separate loan to access the equity from my IP and use that equity to buy my PPOR, is it just the separate equity loan interest that is not tax deductible or does the original IP loan also get 'polluted'?
Thanks
Jeff
I have an IP with an IO loan. If I get another separate loan to access the equity from my IP and use that equity to buy my PPOR, is it just the separate equity loan interest that is not tax deductible or does the original IP loan also get 'polluted'?
Thanks
Jeff