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Jaycee, I'm sorry I did not mean to ask how an offset account works, although you explained it very well. The question I was meaning to ask was to do with debt recycling (capitalising the interest/ expenses) and putting the rent into an offset account against the PPOR rather than paying down...

Gooram, Does the tax office view paying down the balance of the loan the same as parking the money in an offset account? Thanks Paul.