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Using the Equity in your home for investment purposes

The Australian Taxation Office currently has a draft ruling on Part IVA with what can only be described as incredibly wide interpretation on the deductibility of capitalised interest and the use of a line of credit to service investment debt. As a result of this we have removed our normal example and suggest that you seek urgent taxation advice if you currently use a line of credit to service investment property debt. The draft is supposed to be finalised on 7th March 2012