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Question of the month: Company loan to pay mortgage

Question of the month: Company loan to pay mortgage

by Ali Saab | May 24, 2023 | Question of the Month

A friend’s accountant suggested that they could reduce interest on non-deductible debt by using company cash to offset their personal mortgage, then transferring the cash back by 30 June. Is this an acceptable strategy? Using a company loan to pay your mortgage might...
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