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That's why I'm specifically going through a redraw which forms a distinct loan for ATO purposes.Although it wasn't stated in my original post, that's essentially how I would use it. The scenario would be: take a loan out to buy a new house. Sell the existing house. Pay off the loan except the last dollar. Redraw on the loan for investment purposes. I have 30 years of cheap investment loans.
That's why I'm specifically going through a redraw which forms a distinct loan for ATO purposes.
Although it wasn't stated in my original post, that's essentially how I would use it. The scenario would be: take a loan out to buy a new house. Sell the existing house. Pay off the loan except the last dollar. Redraw on the loan for investment purposes. I have 30 years of cheap investment loans.
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