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Interest deductibility question

 
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Old 16-08-2008, 12:30 PM   #11 (permalink)
BV
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Quote:
Originally Posted by Tropo View Post
"Something is telling me that those cheap shares and funds might just get cheaper.."

Guess what ... You are correct
Tropo

The good news is that this slowdown will force central banks to lower interest rates and this will be good for mortgage holders and investors with margin loans.

Cheers
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Old 10-09-2008, 06:45 PM   #12 (permalink)
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The new loans have been established with the extra funds going into an empty account (that pays no interest).
I have an appointment to see my financial planner in app ten days.

Would there be any ramification in regards to tax deductability if I was to pay those extra funds back into their loans & do a redraw at a later date?

My thinking is that there will be no extra Interest if it gets paid back into the loan & a redraw would be regarded as a new loan
though
the doc's I signed said that the funds were for investment purposes only, would that matter if I was to pay the funds back into the loans?

Any thoughts?

Thanks.
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