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Road test: Merrill Lynch protected equity loans.
(From ABIX - Australasian Business Intelligence - Shares)
Byline: Tony Rumble
One financial product that is now very popular in Australia is the protected equity loan. Its popularity has been enhanced by a ruling of the High Court, now backed up by the Australian Taxation Office. All interest and borrowing expenses connected to these loans are fully tax deductible. Merrill Lynch has …
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