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This doesn't change anything in my answer above.

Hi Eric The offset account is just a savings account with cash. the origin of the cash doesn't matter. Whether it is rent or wages you don't need to segregate it. By keeping cash in the investment offset you are reducing the interest payable on this loan = less deductions. At the same...

What is not right about it? I would not do it your way but the way proposed, otherwise you will be paying more tax.