Remember to structure your new loan correctly incase a few years down the track you decide to do it again.???What is the CORRECT way to structure a new loan for the primary residence? I am told by an accountant that no interest can be tax deductible even the primary residence is converted to the IP with a loan.Thanksyxy

Thank you so much.

Elka, Thank you very much for the useful information. Do you have a web link from ATO regarding this matter?