We are about to sell our Management Rights ,can we put the proceeds into our 3 interest only investment properties until such time as we find our new home then redraw the funds to buy our next family home. Thanks.
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When you redraw, the loan will be contaminated - part of the interest will be non-deductible.
Better to use an offset account, if possible.
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When you redraw, the loan will be contaminated - part of the interest will be non-deductible.
Better to use an offset account, if possible.
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