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Its the thirty minutes of arguments when I give my 2 second opinion that takes all the time... Ever notice that when you advise a client that selling a development isn't a capital gain they insist it is. And that GST cant possibly apply to them :p Guess that why ATO audit so many prop sales...

Using the offset wont give a interest deduction. This thread was about the use of loan proceeds to enhance interest deductions by paying a deductible expense against loan / reimbursement to loan. The answer is if you don't have a linked debit then EFT out of the deductible loan and then new...

You cannot "reimburse"" loan proceeds. You can only use a loan for a deductible purpose. If you make a payment from savings account the loan that then later credits the savings isn't for a deductible purpose. Your expense occurred first. You cant just match off the same $ value - That's just...

Due to the way cards work it would comprise a blended loan - I don't agree. Cards make a VERY POOR way to pay for deductible expenses. The character of the deductible % is impossible to calculate and be reliable. This leads to it being a deduction that is easily challenged (ie denied in full)...