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Loan 2 is a private loan. So firstly you will be creating a mixed purpose loan and any deposits to this loan will be coming off the investment portion as well as the non deductible portion. Secondly you are borrowing to park in an offset account with other borrowed funds. I would seek...

Is your broker a tax agent or tax lawyer? If not then disregard what they say.

So you borrowed $450,000 and drew this loan down by placing the funds in an offset. Not a good idea, but these funds may be tracable to the loan so the interest may be deductible. But you deposited $25k - no withdrew $25k from this offset to pay down the private debt. The $450k loan is...

I still don't understand. Di you borrow $450,000 and park it in a savings account? = I would argue interest on this loan is not deductible, but it could be if the offset account contained no other funds. Get some tax advic e

Someone else asked a similar question yesterday. I can't understand what you have written. loan 3 has a balance the same as when it started. Do you mean $25k was deposited into the offiset of loan 3? The $25k is a private loan and not deductible. Offset is not a loan. I don't see an issue...