Hi People.
Im in the process of changing my IP loan to an offset instead of redraw facility. Before I change it over is it benificial for me to extract the redraw (approx 10k) and park it in the offset?
What tax implications will this have? The money will evetually be used as a deposit for my next IP.
Cheers.
Im in the process of changing my IP loan to an offset instead of redraw facility. Before I change it over is it benificial for me to extract the redraw (approx 10k) and park it in the offset?
What tax implications will this have? The money will evetually be used as a deposit for my next IP.
Cheers.