Hi Peter,
I should have clarified better. The PPOR was previously unencumbered. Equity releases were then taken out from the PPOR to fund deposits with an offset facility.
Since the total amount of loan against the PPOR was for investment purposes hence tax deductible as clarified by you...
Thanks Jamie. well the ppor was unencumbered. All the loans against the ppor was for investment purposes so was really wondering whether it matters if it was against it or the ip.
Can someone clarify this to me once and for all?
If an equity release of a ppor is used as deposit for an ip. is that particular loan tax deductible?
I've had an offset against an ip loan and not the ppor loan because the lender said it has a higher rate and therefore should offset against...
What do you rely on in terms of your gains?
Independant reviews?
Websites?
Its just that Ive been seeing gains with a 20% difference with other websites
and valuations.
They avoided a potential 7 years jail by making a private arrangement with the victim. What's been arranged should have more impact for the victim than the accused monetary wise.