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Thanks Rolf. I will check with my Tax Agent. I just spoke to Sales Manager with Loans.com.au and he suggested I can transfer my cash in offset into my Loans account and then re-borrow from there. I think that will mix PPOR loan and Investment borrowing and will make things difficult with...

Thats what I used to think before I read this post and read Rolf and Angus (Loans.com.au) comments and I have started to think if it is possible. - If it is not deductible, then I guess, as you said, have to put 20K back in loan and reborrow.

Loans.com.au doesn't offer loc. I need to know what I can do with offset for investment. I can setup 20K account with 20K in offset. If I withdrew that 20K from offset for investment will the interest be deductible for taxation? Thats the big question !!

Current offer is all same as the June 2011 offer I took. The only difference is in that offer, Rate was linked to RBA cash rate for First 5 years and rate was .11% off from the the standard rate. I could not have asked for more as I have got the lowest interest rate in the market with offset...

Martino, I Will keep all posted. Provided there are not many issues with revaluation, Approval, I am going with them.

Good Point Rolf. Makes Sense.. I just have to see I dont put any more monies in Redraw and change to Offset asap. Last question-Do you have Loans.com.au in your Lender List?

Thanks Rolf. Did not check your reply. I am surprised ATO can trace back 24 months to find how much is deductibile. So realistically, anybody who started with redraw account (as they were novice) and later on decide to become investor, would loose deductibilty for the their hard earned...

delfredo - Yep, Offset account is a separate account. Thanks ----------------------------------------- Please help me with my biggest concern. My current Tax Agent is not much IP savy and could not help much clarifying my doubt. Currently on my PPOR for e.g. On a $100K Loan I have $30K in...

Marty, I did question that as well and requested written confirmation that the offset is truely a offset account and not just a redraw. Reply I got via Email - "As requested, I also confirm the following; - The loan includes a redraw offset account with attached Visa Debit card and...

Wunderbar, I did not get you completely. What sort of Issues can come with their Application Process. As far as my communication with them, its all standard requirements (Payslips, previous lender statements, etc) for the application process. I just need to fax/scan and send them. I have rough...

Hi All I asked this question on another forum as well But some members may not be part of the other forum. I request opinions of the experts here. Can you guys please comment upon the below Refinancing option for investors. To me, it has all the features, offset account, low Interest...

What will happen If MangoMadness change his lender now which offers 100% offset, live in the property for another 3-4 years and then rent it out. Will he be fine with tax deductibility then?

Terry, I wont be claiming any tax deduction on the borrowed funds from redraw in Loan 1 to pay on Investment portion (Loan 2). I think that type of arrangement is not allowed by ATO as it would mean borrowing to pay already borrowed funds. Loan 1 - PPOR Loan - IO - With funds in redraw Loan...

Yes Terry, I will be paying from redraw of my PPOR portion of the loan. As my lender does not provide proper offset but redraw built into the account, I think I should keep all my cash in the redraw of PPOR portion and pay for monthly IO commitment for IP portion of loan from there as well...

Thanks guys :)

Hi Guys Just wanted to take second opinion on this. Does it matter to ATO Direct debit amount for investment property loan is coming out of which account. With my PPOR lender, I have 3 loan accounts - 2 for PPOR and 1 for IP. I want to setup DD for the IP loan account on redraw facility of...

Very true Richard... I wonder why these banks and lenders dont clearly define offset and redraw?? Why they DONT explain "we provide a redraw and offset is different", explain the difference and leave it up to the home owner to make a choice depending upon his requirement and future goals. I...

mortza and wobbycarly, Can you please share your spreadsheet format with me. Thanks

Can anybody shed some light on the 2nd part of the question. Thanks

Depreciator is good. I just recently used their services but at much higher price than that, nearly double ($605) :confused: .. I dont live in bushes either Scott, which property, build date and location would involve such low price ($335)??