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I think I should have clarified what I said earlier a bit better. Yes, the money from the offset account needs to be attached to a loan used for investment purposes in order to claim tax deductibility. Regards, Cameron Perry Perry Financial Strategies

Hi Tess, Using the offset account for the deposit is a sound strategy to use. The second method you mention is problematic in that the portion you use on the deposit will be mixed in with your PPOR debt creating issues with claiming tax deductibility on this portion. I hope that helps...