I am thinking of changing one of my LOC to somehow have an offset account linked to it, this way I can put all my savings in it and pay less interest.
Later I can take the savings out, and all the interest is still dedutable.
If the tax office asks why I changed to an offset, does it matter?
As long as I don't say "I changed to save paying tax?"
Later I can take the savings out, and all the interest is still dedutable.
If the tax office asks why I changed to an offset, does it matter?
As long as I don't say "I changed to save paying tax?"