Does anyone have any experience/ insight into using the 221d- variation of Tax installment Deductions
In which you essentially apply to the ATO for a variation to the tax taken out of your wages by your employer, due to yourself having a Investment property which you claim as a tax deduction..
By paying less tax on your wage ( sometimes 2 %), rather than recieving it as a tax return at the end of the financial year- you get more ca$h in your hand now (to reduce your loan or use to finance another IP)
NOW.. i'm only posting my 'basic' understanding of this, i really don't have a clue what i'm looking for is anyhelpful advice.. is this worth persuing ?
Does anyone have any advice ??
I take it you need a stable income and a - geared property ?
REDWING- The confused
"The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life"