I currently have a LOC which has been set up for capitalising interest.
I am looking into buying into a small part time franchise.
If I set up a new company for the franchise and loaned the company money from the LOC would I be able to pay back the loan from the company into my PPOR offset reducing my non-deductible debt, therefore having a larger liability on the deductible LOC?
This of course would be done once the company starts earning money to pay back the loan
I am looking into buying into a small part time franchise.
If I set up a new company for the franchise and loaned the company money from the LOC would I be able to pay back the loan from the company into my PPOR offset reducing my non-deductible debt, therefore having a larger liability on the deductible LOC?
This of course would be done once the company starts earning money to pay back the loan