Tax Planning Strategy #2 – Tax Refunds for Prepaid Interest Slideshow
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Apart from the usual general tax planning strategies (eg. incur business expenses prior to 30 June to claim a tax deduction this financial year), there is another way to reduce your tax: Prepay interest on borrowings for investments before 30 June.
With the solid performance of equity markets over the past 9 months, we have seen a significant amount of interest by investors looking to leverage back into the share market with the benefit of capital protection and tax efficiency. This coupled with a reduction in volatility of shares and reduced borrowing costs have made share investments as attractive as ever.
Instead of paying some tax, you can use this money to prepay interest on a loan for shares with full 100% capital protection for the shares.
Schedule an appointment with us today by clicking here to discuss your financial circumstances.
About Lan Nguyen
Lan is the Founder and Chief Strategist at Success Accounting Group, Melbourne based CA firm. In a matter of short 8 years she has built up a reputable Chartered accounting firm with 3 offices and a team of 6 professional accountants and support team members. Her mission is to provide Innovative and Strategic Financial advice to help her customers make smarter financial decisions today for a brighter future.
Success Accounting Group is for established business owners who would like help to grow a sustained business. As a business owner you understand what drives your business success with our accounting team taking care of the rest.
Success and Wealth
Success Accounting Group Pty Ltd
Oakleigh, VIC, 3166
