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  • Profile photo of Matt BMatt B
    Member
    @matt-b
    Join Date: 2004
    Post Count: 22
    March 9, 2004 - 10:37 am

    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

    Profile photo of Matt BMatt B
    Member
    @matt-b
    Join Date: 2004
    Post Count: 22
    March 9, 2004 - 10:29 am

    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

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