Hi, I have a mortgage on my PPOR. Separately, I have a sum of cash which I would like to invest in shares. Do I need to split my loan or can I just use the cash to pay down the mortgage & then immediately draw it out to buy the shares? Is splitting my loan required for the purpose of deducting the interest from the cash drawn out, or has it been recommended by my accountant to make their job easier?
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31 views
1 replies