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  • Profile photo of Big UnitBig Unit
    Participant
    @big-unit
    Join Date: 2005
    Post Count: 2
    February 3, 2005 - 11:28 am

    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

    Profile photo of Big UnitBig Unit
    Participant
    @big-unit
    Join Date: 2005
    Post Count: 2
    February 3, 2005 - 11:21 am

    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

Viewing 2 posts - 1 through 2 (of 2 total)