papaung replied to the topic Interest deductible…How to make it happen? in the forum Legal & Accounting 12 years, 9 months ago
Thank you for your response.Jamie :When you originally accessed equity, did you set up a second loan or did you simply extend the original loan to a higher limit?Not a new loan, we extended the loan to 80%LVR on the old PPOR. Then we did a transfer to the new loan on the new PPOR via the offset account, effectively reducing the loan on the new…[Read more]