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Tax on Interest - Offset vs Revolving

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  • Tax on Interest - Offset vs Revolving

    Hi Accountants,

    Any material difference here in keeping money on offset or revolving with the IRD?

    What about on redraw products like Westpac Choices and Sovereign Go?
    Your Home Loan - Wellington Mortgage Broker
    [email protected]

  • #2
    An offset would give you more flexibility to withdraw funds for personal use.
    My blog. From personal experience.
    http://statehousinginnz.wordpress.com/

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    • #3
      There have been a couple threads on this really recently - on my phone right now so hard to search myself, but I'm sure the word Offset would bring them up.
      AAT Accounting Services - Property Specialist - [email protected]
      Fixed price fees and quick knowledgeable service for property investors & traders!

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      • #4
        Ownership in own name or company - I think this makes the major difference.

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