Three tips to help you improve tax efficiency under the new interest deduction rules

Explicit

Since the government introduced the interest deductibility rule early this year, we noticed some aspects of home loans that people need to be aware. If you don't do them correctly, you may end up paying more tax, or your accountant may have a headache when they prepare your financials at the end of the financial year.

That’s why in this episode, we're going to cover three tips to help you work out how you can manage your home loan structure that best conform your situation and be tax efficient.

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Topics Covered:

Tips 1: Offset VS. Revolving account 01:02

Tip 2: Don't combine your loans, especially for the rental property loans 05:56

Tip 3: How to wisely use a lump sum money to repay loans – if you do not wish to use the money for something else to purchase a new property 06:56 ...