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  1. L

    Interest on Interest and Capitalising Interest - the Facts

    ArJay Short answer - yes. They also assume that the LOC/s is/are fully drawn, regardless of the balance/s. Cheers LynnH
  2. L

    Interest on Interest and Capitalising Interest - the Facts

    s_t If you deposit money in an LOC, it will save interest on that LOC - not on your PPOR loan. If you deposit money in an offset a/c linked to a PPOR loan, it will save interest on your PPOR loan. Hope that clarifies what I posted previously. Cheers LynnH
  3. L

    Interest on Interest and Capitalising Interest - the Facts

    Cramer The set-up you describe in the first paragraph is perfectly legitimate. The reason that your accountant is suggesting an offset a/c (rather than the LOC) is that the money deposited in the offset a/c will save you interest on your PPOR loan, whereas money deposited in the LOC won't and...
  4. L

    Interest on Interest and Capitalising Interest - the Facts

    Brett Glad I could help. Cheers Lynn
  5. L

    Interest on Interest and Capitalising Interest - the Facts

    Brett A/C = account Cheers LynnH
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