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    Is this LOC interest tax deductible?

    Thanks for the reply Terry. I have made sure that both the ANZ LOC and the NAB offset have only ever had transactions going through them that relate directly to the IP. Hopefully this will make my case for tax deductibility a strong one. Thanks for the feedback. Angela :)
  2. T

    Is this LOC interest tax deductible?

    Hi Jas Thanks for the reply. The loan was actually settled a couple of months ago. I have been transferring enough money each month into the offset account to cover the interest repayments. I have been into two different NAB branches and both have told me that they can't take the interest...
  3. T

    Is this LOC interest tax deductible?

    Hi everyone I have been reading with interest a thread that was talking about some banks wanting IP loan interest repayments to be paid only from accounts held with the same bank. See - http://www.somersoft.com/forums/showthread.php?t=58576 I have a new IP loan with NAB and they have...
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