Cheers @terryw, I look at it this way too, I just thought that I’d put it out there to see whether anyone had run aground on the ‘nexus’ point. With respect to the notion that all I’m doing is a periodic ‘refinancing’, I don’t suppose you could point me to any ATO guidance that explicitly talks about how interest on investment-related debt remains deductible when ‘refinanced’? I’m trying to put together a private ruling application, and this credit card thing will form part of it.
Of course I acknowledge that nothing you’ve said here or will say, or any pointers you can give to info sources, constitute advice in any way! I realise I will need to check with my own accountant to be sure, I’m just wanting to save a bit of dough by getting him to check what I’ve put together myself, rather than have him put together an accountant-style private ruling from scratch, at accountant hourly rates…
Thanks again!
