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  • Profile photo of PeanutPeanut
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    @peanut
    Join Date: 2013
    Post Count: 4
    May 24, 2013 - 8:04 am

    Hi All, thanks for your responses. I haven't read Janmor Nominees yet. I will do so this weekend. What about expanding on Terry's idea and what about I sell my half of PPOR to my wife now (gift it). Then when we move into the investment property in three years, she can sell 100% of the property back to me, I borrow 80%, then wife uses the funds to payout the investment property loan. (I still need to read the case, maybe I don't have to do this).

    Profile photo of PeanutPeanut
    Member
    @peanut
    Join Date: 2013
    Post Count: 4
    May 21, 2013 - 11:45 pm

    Hi Terry, I am in Victoria. My PPOR is held in both mine and wife's names.

    If I borrow 105% on the new investment property and I do not reduce the loan. What happens when I move into it?

    Profile photo of PeanutPeanut
    Member
    @peanut
    Join Date: 2013
    Post Count: 4
    May 21, 2013 - 7:38 am

    Thanks Catalyst, it doesn't seem fair that I have fully paid for my PPOR which is the same value as the IP I want to buy. But when I move into the IP, I inherit all the non-deductible debt which hasn't been repaid.   The tax office is having a nice win there?

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