Over the years I have found that there is at least one thing that most people aren’t aware of when they apply for a loan. Even a lot of Mortgage Brokers aren’t aware of it. Knowing this can save tens of thousands of dollars in tax. It is do with maximising the interest deductibilty of the loan when you pay more than the minimum capital repayment and you want to use these extra funds for something else. It has to do with offset accounts and redraws.

I have included a short report with references to a tax ruling, a tax appeals case and a forum post with alot of details about this matter as well as other loan related matters.

I was thinking of charging $47 for this report, but for the moment anyway it is free.

Click Loan Report

Regards,

Glenn Wallace

This entry was posted on Thursday, March 13th, 2008 at 12:59 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.