Deductibility of interest with offset

I am about to settle on a property, the funds coming from
- 80% from new loan with offset account
- 20% and incidental costs from equity release account with an offset account. All funds used up for IP

Once property is settled, I plan to start putting money into the offset account (prioritize the one with highest IR).
Is the interest for both these loans still deductible, should I withdraw from offset accounts for personal uses or non IP related transfers in the future ?

I believe it is but recent threads have gotten me nervous, so I wanted to double check
thanks

 

It depends. See my tax tip 1 for starters

 

Terry's tax tips

Terry's Tax Tips

 

tattoo see
Tax Tip 1: Parking borrowed money in an offset account Tax Tip 1: Parking borrowed money in an offset account

Tax Tip 82: Taking money from an offset account on an IP and Claiming Interest Tax Tip 82: Taking money from an offset account on an IP and Claiming Interest

Then get some specific tax advice