An account that has a free withdrawal facility and an offset account?
I mean, it might be easier to transfer from an offset account to an actual account, but theortically there is no difference, correct?
It depends on what you are trying to achieve. Money sitting in an offset account can be used for any purpose without an eyelid being raised. Whereas, if you use your redraw facility (against an IP), you will need to keep track of the expenditure if it has been used for anything other than investment/investment related expenses eg holiday/boat/groceries etc.
What happens if you move into your I.P and turn it into a PPOR? That effectively means your interest payments arn't tax deductible, so the ATO shouldnt give a rat's ass about how u use the withdraw facility?
They only care about how it is used when it is an IP
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