Interest in Advance Loans
INTEREST IN ADVANCE LOANS
Interest in Advance customers need to start moving now if you wish to ensure your new loans are in place prior to 30 June 2011. DO YOU fit into one of the following categories?
1. You have an Interest in Advance loan and which is due to expire soon and you want to roll over to a new Interest in Advance loan
2. You do not have an Interest in Advance investment loan but think you may want one
3. You would like to know more about Interest in Advance loans (who uses them and why, etc)
If you do fit into these criteria, please contact us to get the ball rolling.
BRIEF SUMMARY
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Question |
Answer |
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What is an Interest in Advance Loan |
· Traditionally taken out near the end of the financial year · They are always fixed rate loans · You are able to pay ALL of the interest for the following financial year · For example, on 28 June 2011 – you can pay all the interest for your investment loan for the financial year ending 30 June 2012 · This allows you to claim any available tax deduction in the Year 2011 tax year |
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Who does it suit? |
· People with investment loans · People seeking some effective taxation strategies |
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Who does it NOT suit |
People with owner occupied loans only |
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Should you get advice |
We recommend seeking advice from your tax advisor to ensure it suits your individual tax situation. We can liaise with you and your accountant should you require. |
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How do I get one |
Email Vision and we will assist |
