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! 21 years, 10 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



