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Hi Somersoft people.
I went to a property investment seminar way back in 2001 and the host told us that you could draw out the equity from an investment property and use it to pay down / pay off a PPR mortgage. Are there any tax issue with doing this?
thanks in advance
bob
it may be possible if you hold the property in a trust and do a capital distribution
http://www.trustmagic.com.au/inf/Finance-Hybrid-Trusts.pdf
This thread is very helpfull :
http://somersoft.com/forums/showthread.php?t=63540
post #6 by bene313 is what i will do.
Please elaborate... Or at least link