Thanks everyone for your comments.

If the issue is still being argued and I go ahead with this but then the taxpayer loses the case will that mean that I am liable retrospectively for the deductions that I have claimed? Or if I go ahead and say in 6 months legislation is introduced to outlaw the deduction will I be liable retrospectively or only…[Read more]

Thanks Simon, that is really very helpful.

Kate

Thanks heaps for your help Mel and Simon.

The reason why I wanted to do this is because we have had significant growth on our IP and consequently we now have quite a large amount of equity. We owe about $15k on our PPOR which I want to eradicate but now that we are paying school fees it seems like it is going to take forever (it’s kind of like…[Read more]