Hi There,

Can someone advise me on this.

I am living in unit which i planned to make IP i owed 90000 on it only and value of this unit is 320000. So making it IP and geting max tax benefit I redraw cash on this propety and made loan value to 232000. and have put all redraw cash(142000) into off set account for the time being.

Now I like to buy one more IP and PPOR from that money. i
f I make my current house into IP will I get tax deduction on 232000.
IF NOT my next plan is to BUY future PPOR as IP For 12 month and then make that as my PPOR and current unit as IP after 12 month when i move into PPOR. can i then claim tax deduction on unit which i own 232000 after redraw.

Hope under stand what i am trying to explaine.

thaks