Is it legal / sensible to pay personal salaries and savings into an LTC structure for the purposes of offsetting interest on an investment property loan?
Our personal home mortgage is paid off and we want to use our personal salaries and savings to offset the interest we pay on a $400k mortgage on a investment property, which is to be owned under an LTC.
If we setup a BNZ total money offset mortgage under the LTC company name and create two accounts, one for the LTC rent and expenses and one for our salaries and surplus savings and general use for groceries, bills etc, is this considered tax avoidance?
Our personal home mortgage is paid off and we want to use our personal salaries and savings to offset the interest we pay on a $400k mortgage on a investment property, which is to be owned under an LTC.
If we setup a BNZ total money offset mortgage under the LTC company name and create two accounts, one for the LTC rent and expenses and one for our salaries and surplus savings and general use for groceries, bills etc, is this considered tax avoidance?
Comment