Hi Derek, Thanks for the video. I have a query though. Say, for example, a director took a loan of $50,000 on 1 Jan 2021 and repaid it on 30 Sep 2021. He lodged his FY 21 tax return on 31 Dec 2021. Now, does the director needs to pay the interest for the loan from 1 July 2021 to 30 Sep 2021? or can we not charge any interest stating that the loan was repaid before tax lodgment date eventhough the loan was repaid after the end of financial year 2021.

Hi Derek, at 14.59 you have mentioned that the Tax office will take away the credits for good, so the company's franking account will do down by the 33,333 franking credits?

Thanks for the video. If you are using the money from the company to offset your personal mortgage, isn't this giving you a fringe benefit on the interest savings?

Thanks Derek. Could you please make a video on negative gearing, that would be much appreciated, thanks!