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  • Profile photo of SiddhartaTranSiddhartaTran
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    @siddhartatran
    Join Date: 2010
    Post Count: 3
    February 24, 2010 - 4:06 am

    This is really helpful. Thanks again.

    Profile photo of SiddhartaTranSiddhartaTran
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    @siddhartatran
    Join Date: 2010
    Post Count: 3
    February 24, 2010 - 3:30 am

    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.

    Profile photo of SiddhartaTranSiddhartaTran
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    @siddhartatran
    Join Date: 2010
    Post Count: 3
    February 24, 2010 - 2:38 am

    Terry,

    Is the interest charged on the LOC tax deductible if I use it as 20% deposit for an IP? Thanks.

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