Hi everyone, I have a no. of houses that are secured against my one big loan. Therefore I don't actually own any house. I want to own a house and that is the long term aim which I will retire on. I am able to release one of the houses keeping within the banks 80% and I want to do that. But what implications does it have especially tax wise? I still get to claim deductions but does my income go up and therefore I'm tax in the higher bracket, perhaps. At the moment I get all my return back each year so that is not a problem. In fact I am too heavily negative geared and lose out each year. What do you think? It is a no brainer?