Search results

What Peter said :) Keep it simple and use the offset for money in money out. LOC have there place (arguably) but capitilising interest and then deducting the interest is not recommended and is likely to be deemed a "tax scheme" by the ATO. Safest practice is to pay the interest on a monthly...

Not clear on what you mean in regards to the above? Would seek tax advice if you are planning on deducting capitilised interest via a LOC as it is a grey area from ATO perspective.