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cltata(Newbie)Newbie
20 June 2024

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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274 views
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Bruce4Tax(Taxicorn)Taxicorn
21 June 2024

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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Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
21 June 2024

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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