Day: October 5, 2018

Property, Strategic Financial Advice

Utilising Redraw For Your Investment Property

With an offset account Rachel can claim interest on the full loan amount as she only withdrew the savings from a bank account (albeit linked to her mortgage).  As we can only claim interest on money used for investment purposes the interest on the amount Rachel ‘redrew’ for her new home is not tax deductible meaning difference in deductions against her new rental property of $9,000.

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