Hi all, I had a fixed investment property loan with CBA and recently refinanced with ANZ. During the refinance, i 'extracted' equity (albeit, not much) and set it up as a split loan. In the process of breaking the fixed loan with CBA, it seems that the break fee was deducted from the equity portion of my split loan and the difference has been deposited into my offset account. I guess my main concerns are around deductibility, and if there is any issue with how they've executed the refinance? Thanks in advance
it could be a mixed loan split if paid into the offset account with other money Tax Tip 1: Parking borrowed money in an offset account Tax Tip 1: Parking borrowed money in an offset account
Is that the case even if all loans associated are investment loans? If so, what would be the best course of action? Pay down everything into the split loan?
