Home / Home Loans / END OF TAX YEAR TACTICS FOR PROPERTY INVESTORS

END OF TAX YEAR TACTICS FOR PROPERTY INVESTORS

24/06/2010

Prepaying interest on investment property before the end of the financial year is a good way to minimise tax. And with another fall in income tax rates next financial year it makes even more sense this year so you get more bang for your buck. The threshold for the 15 per cent tax rate will rise from $35,000 to $37,000 and the rate for those earning $80,000 to $180,000 drops from 38 per cent to 37 per cent.

So any deductions this year will carry more weight, says Deb Wixted head of technical services at Colonial First State who suggests you prepay interest on your investment loan up to 12 months in advance. And Aussie Home Loans chairman John Symond says that if you have sold a property this year and made a capital gain then seek to offset this through selling any loss-making investments such as shares before year-end.


Previous Article  Next Article


Popular Mortgages $250k

 



Popular Searches


Today's Best Rates

Institution Product Title Rate (%) Details
eMoney Pro Pack 75 (loans below 75% LVR. Contact us for loans above this LVR) 6.08  
UHomeLoan - Refinance only (6.14%p.a incl 0.20%p.a lifetime Loyalty Discount) 6.14
State Custodians Standard Variable Offset Loan 6.22
IMB Budget Home Loan (No Application Fee) 6.27
MyRate.com.au - Advantage Rate Loan 6.35  
Institution Product Title Rate (%) Details

Rates for a $250,000 standard loan. The 3 year tabs show loans that are fixed for 3 years.



SPONSORED LINKS