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judyb
发表于 2021-5-15 13:53:34
First..the bank is right.
But you can get around it. What you should do is
1. refinance your existing home loan and then get more funds in ur redraw. At that point, you still have one primary home.
2. take out the money in your redraw and then you can use it for other purpose.
3. Buy the property B and renovate it to a liveable condition
4. You can have two paths here
a. live in yourself and turn the First property into investment property. And claim your tax loss on this one only. If you have to rebuild, you can do it later on
b. Put both properties as investment properties and claim your tax loss on both of them．Meanwhile, you have to rent. After a few years when you have more cash, you can rebuild the property B and live in as your main residence. |
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