Say if an individual extracts 20K equity for the purpose of funding the purchase of a cash generating investment, i.e an IP, then the interest charged on this equity loan is tax deductible. Original and new equity loans are in separate accounts and both in the person's name. Does this tax deductability benefit only apply if this new IP is bought in this individual's name? What happens if a person pulls out equity to fund the deposit and purchase cost of an IP held in a discretionary trust with a company set up (i.e the IP is now owned by the trustee) but this person is the director and also the guarantor for the loan of this trust ? Will the interest on the 20K equity loan also become tax deductible ?