SiddhartaTran replied to the topic Loan Structure in the forum Help Needed! 14 years, 10 months ago
This is really helpful. Thanks again.
SiddhartaTran replied to the topic Loan Structure in the forum Help Needed! 14 years, 10 months ago
Thank so much Terry. One more question.How about a Loan Account with an Offset account? My bank told me that a Loan account wiht an Offset account will have lower interest charged compare to LOC but not sure if is it tax deductible if I use the money for IP. They advise me to talk to an accountant.
SiddhartaTran replied to the topic Loan Structure in the forum Help Needed! 14 years, 10 months ago
Terry,Is the interest charged on the LOC tax deductible if I use it as 20% deposit for an IP? Thanks.