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Offset account for investment property loan?

Discussion in 'Introductions' started by sell, 21st Jan, 2011.

  1. sell

    sell New Member

    Joined:
    21st Jan, 2011
    Posts:
    1
    Location:
    brisbane
    Hi All,

    Hoping for some info for tax purposes.

    I am in the process of buying a IP and looking at a standard variable loan of $250k.

    Q: If I had $30k cash savings, would it be advantageous to open an offset account from a taxation point of view?

    And if not, why?

    hope you can help.

    Regards,
    Sell.