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Increasing rental property loan to reduce home loan?

Posted 24 May 2016

Taxhelp says:
24 May 2016 at 14:13

Is it possible to take some equity out of our rental property by increasing our loan on that property to put against our home loan and would the increase in interest on our rental property loan still all be tax deductible?
TaxTim TaxTim says:
24 May 2016 at 15:17

Yes the interest would be deductible as this is going towards the repayment of the loan on your rental earning income property.

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