Question: I have an existing loan for $100K to invest in shares and ETFs, is it possible to combine this investment loan with my existing home loan? For example, if my original home loan is $500K, can I top it up to $600K to include the $100K investment loan, and still ensure that the portion of the loan used for investment ($100K) remains tax-deductible?
You can, keep in mind you need to calculate the interest on the 100k and be able to provide records. Also records to show the money was used for an investment. It call comes down to proving everything.
You can, keep in mind you need to calculate the interest on the 100k and be able to provide records. Also records to show the money was used for an investment. It call comes down to proving everything.
22 Apr 2024 · 6 min read time
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