A relative owns two investment property's, I don't know the LVR's but has paid of a substantial amount of them.
They would now like to buy a PPOR.
Is there a legal way to increase the(tax deductible) loan on the investment property and use the money as a deposit for the(non-tax deductible) PPOR?
They would now like to buy a PPOR.
Is there a legal way to increase the(tax deductible) loan on the investment property and use the money as a deposit for the(non-tax deductible) PPOR?