“Different sub-accounts under the same loan facility, each with its own statement and balance… loan contamination… ATO can disallow deductions”
AG
Aidan Gullman
Financial Autonomy ·
Closing Bell · Closing Bell 10/12/26
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stated that bank loan balances were up about 8% year-over-year
8% YoY increase in bank loans
“Different sub-accounts under the same loan facility, each with its own statement and balance… loan contamination… ATO can disallow deductions”
“If you got a 95% loan on 1.5 mil, it would be a $1.425 million loan… you would need, like, $220,000 a year for the bank to give you the loan.”
“‘if I repay $50,000 off my home loan, I go to the bank and can have a separate loan for $50,000… debt recycling’”
“Candy has gone up at a rate greater than inflation. I think the year-over-year right now is it's gone up roughly 8%”
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