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Thanks Tranquillo, Loans: Structuring the Borrowings, Part 2 http://www.loan-experts.com.au/uncategorized/terryws-newsletter-3rd-edition/

Corey is right - not deductible as a priovate expense

This question is not the right one to be asking. Redraw and offset are totally different things like apples and oranges. When you take money from a redraw you are actually borrowing money again. Each redraw is a new loan for tax purposes. An offset is a savings account and the money in it...