I started reading the book whilst in the process of buying my first IP. Once I started reading, I wished I’d read it earlier. Unfortunately (actually, it probably turned out to be fortunate) the deal fell through and I finished the book. I’m know in the process of buying two IPs (already committed to one).

Matt

Simon,

If the ATO treats a redraw as a new borrowing event, does that mean that if you redraw from your PPOR to purchase an IP, the interest on the redrawn amount is then tax deductible?

Matt