My understanding with the offset account was that funds could be placed in and taken out of the account without affecting the deductability of the interest.
Redraws were a different matter though. Is this correct?Cherie
Cherie I replied to the topic Good Accountant in the forum Help Needed! 20 years, 2 months ago
Russell Woollett of Woollett Partners does both. He’s into residential and commercial property himself. His business no. is 9367 4700 (South Perth).
Cherie