Hi.
I have PPOR loan with an offset account.
I want to buy my first PI (300K) and use the 10% deposit (30K) from my offset account.
After settlement, if I ask my bank to transfer 10% deposit money back into my offset account, can I claim interest from 300K or 270K only when I do my tax return?
I have PPOR loan with an offset account.
I want to buy my first PI (300K) and use the 10% deposit (30K) from my offset account.
After settlement, if I ask my bank to transfer 10% deposit money back into my offset account, can I claim interest from 300K or 270K only when I do my tax return?