I interpret the 800k would be deductible if put in redraw then drawn out for purpose of buying another income producing asset

What does splitting the loan mean? It is one limit.

Thanks

I interpret the 800k would be deductible if put in redraw then drawn out for purpose of buying another income producing asset

What does splitting the loan mean? It is one limit.

Thanks

I interpret the 800k would be deductible if put in redraw then drawn out for purpose of buying another income producing asset

What does splitting the loan mean? It is one limit.

Thanks

I interpret the 800k would be deductible if put in redraw then drawn out for purpose of buying another income producing asset

What does splitting the loan mean? It is one limit.

Thanks

ATO tax guidance suggests otherwise.

I interpret the 800k would be deductible if put in redraw then drawn out for purpose of buying another income producing asset

What does splitting the loan mean? It is one limit.

Thanks

ATO tax guidance suggests otherwise.

I interpret the 800k would be deductible if put in redraw then drawn out for purpose of buying another income producing asset

What does splitting the loan mean? It is one limit.

Thanks

ATO tax guidance suggests otherwise.

I interpret the 800k would be deductible if put in redraw then drawn out for purpose of buying another income producing asset

What does splitting the loan mean? It is one limit.

Thanks

ATO tax guidance suggests otherwise.

I interpret the 800k would be deductible if put in redraw then drawn out for purpose of buying another income producing asset

What does splitting the loan mean? It is one limit.

Thanks

ATO tax guidance suggests otherwise.

I interpret the 800k would be deductible if put in redraw then drawn out for purpose of buying another income producing asset

What does splitting the loan mean? It is one limit.

Thanks

ATO tax guidance suggests otherwise.

I interpret the 800k would be deductible if put in redraw then drawn out for purpose of buying another income producing asset

What does splitting the loan mean? It is one limit.

Thanks

ATO tax guidance suggests otherwise.

I interpret the 800k would be deductible if put in redraw then drawn out for purpose of buying another income producing asset

What does splitting the loan mean? It is one limit.

Thanks

ATO tax guidance suggests otherwise.

I interpret the 800k would be deductible. SO the blunt “no” is not really accurate.

Thanks

So if I move back into the property and it becomes my principle place of residence and put 800k into the redraw then redraw to buy a new property for $1m (80% LVR). Are you saying none of the interest is deductible against the rent of the new property? The ATO tax guidance appears to outline it will be. How much will be tax deductible?

So if I move back into the property and it becomes my principle place of residence and put 800k into the redraw then redraw to buy a new property for $1m (80% LVR). Are you saying none of the interest is deductible against the rent of the new property? The ATO tax guidance appears to outline it will be.

what is the best structure for buying a property to subdivide then sell half the land at back and keep the front property?

The loan limit is $1m (800k relates to the first purchase and 200k top-up).

800k cash sits in the offset ($200k of this was from the top-up that was never spent – just sitting in offset)

If I take the 800k and put in the redraw then take it out to buy a new property, will the full 800k be deductible?

The loan limit is $1m (800k relates to the first purchase and 200k top-up).

800k cash sits in the offset.

If I take the 800k and put in the redraw then take it out to buy a new property, will the full 800k be deductible?

can a propco/opco structure be setup in australia similar to the uk to be able to deduct?

So it makes no difference if buying in personal name or trust?

Hi Terry, what do you mean by my loan being mixed?

If I move back into the property as my principle place of residence and put $800k into a redraw and redraw to buy another property will the interest be deductible against the rent of the new property? I am redrawing (borrowing) to invest in the second property.