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Reply: 3.1.1.1.2.1.1.1.1.1.1.1 From: Rolf Latham Hi Steve The main use of offset accounts is not to invest with the bank but to invest in your own mortgage. 6 % tax paid with first mortgage security on as little as one dollar with immeidiate liquidity is not a shabby return. Mostly these...

Reply: 3.1.1.1.2 From: Rolf Latham No an offset account will not affect your tax deductability. This gets around one of my pet hates with LOcs and Redraw loans Ta Rolf

Reply: 3 From: Rolf Latham Ok folks lets kill the confusion Purpose of the loan. PPOR = Principal place of residence. Purpose - definition. This term is commonly used where an owner has a PPOR and wants to move to another PPOR. The owner wants to gear up the old PPOR with debt and to turn...

Reply: 1 From: Rolf Latham Donna Get a new Financial Planner There is some confusion as to purpose of moneys lent secured against your home. Section 51.1 of the tax act makes it very simple. Paraphrased it says that you can deduct costs associated with earning an income (unless theres...