I am in the process of negotiating for a commercial building in QLD my broker and accountant have both said an interest only loan is the way to go. I would have thought a PI loan would always be preferable. Does anyone have any thoughts on why the interest only loan would be better
M
Purely for tax reasons. They are indicating that if you use IO then 100% of your repayments would be a deduction. This is particularly useful whilst you have non deductible debt such as a ppor loan.
All the best,
Simon Macks
Interest Free Home Loan Agent
[email protected]
0425 228 985Commercial Refinance to 95% LVR
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
