Total Members: 158,198

Big Unit

  • Big Unit replied to the topic catch 22 in the forum Help Needed! 19 years, 1 month ago

    Have you thought of approaching your accountant and discussing a section 15/15? This will aid with serviceability and is accepatable to some Bank lenders. The section 15/15 allows a monthly return from the ATO on your annual interest claim (negative gearing), hence improving your monthly position substantially.

    Regards,

    Kurt

  • Big Unit replied to the topic off set accounts in the forum Help Needed! 19 years, 1 month ago

    I would have thought that an offset account is only really useful to reduce owner occupied debt (non-deductible). If you were negative gearing I would imagine that you would attempt to pay interest only for maximum benefit and apply an offset to only the non-deductible debt.

    Regards,

    Kurt

Big Unit

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