ALF1 wrote:
Hi PPR, and welcome to our Forum.You can swap and you can reverse your current PPR with your IP. But, with regards to the tax implications however, if you are using a 221d variation then that shouldn't change if your leverage remains the same but your claimable depreciation allowances will change if your current PPR is older than…[Read more]

Terryw wrote:
Deductibility depends on the purpose and use of the funds borrowed. So if you borrowed $200,000 for an IP and that IP becomes a private residence then the interest on that $200,000 will no longer be deductible.What you could do is talk to a tax expert about setting up a LOC on your PPOR, in addition to your $170,000 loan, and then…[Read more]