使用Player FM应用程序离线!
12. Mixed Loans
Manage episode 308321247 series 2990672
A mixed loan is a loan that has been used for more than 2 uses. An example is someone who has borrowed to buy a house paying extra off the loan and then using the redraw facility to borrow money to use as a deposit on an investment property.
Mixed loans should be avoided in situations like this as every deposit into the loan will reduce the deductible debt as well as the non-deductible debt. This will cause more tax to be payable.
It is also impossible to offset one portion of a mixed loan, so an offset account attached to a mixed loan could lead to deductible interest being reduced which leads to loss of tax savings.
If you have a mixed loan with some of the borrowed money having been used to invest, you would need to apportion the interest and working this out will become increasingly difficult the more that is paid into the loan and redrawn again. It is best to avoid in most cases.
www.structuring.com.au
123集单集
Manage episode 308321247 series 2990672
A mixed loan is a loan that has been used for more than 2 uses. An example is someone who has borrowed to buy a house paying extra off the loan and then using the redraw facility to borrow money to use as a deposit on an investment property.
Mixed loans should be avoided in situations like this as every deposit into the loan will reduce the deductible debt as well as the non-deductible debt. This will cause more tax to be payable.
It is also impossible to offset one portion of a mixed loan, so an offset account attached to a mixed loan could lead to deductible interest being reduced which leads to loss of tax savings.
If you have a mixed loan with some of the borrowed money having been used to invest, you would need to apportion the interest and working this out will become increasingly difficult the more that is paid into the loan and redrawn again. It is best to avoid in most cases.
www.structuring.com.au
123集单集
所有剧集
×欢迎使用Player FM
Player FM正在网上搜索高质量的播客,以便您现在享受。它是最好的播客应用程序,适用于安卓、iPhone和网络。注册以跨设备同步订阅。