Investax Group

A mortgage broker offers tailored advice, access to multiple lenders, and helps find competitive loan options. Unlike banks, brokers compare various products, which may improve your chances of finding the best deal and simplify the loan application process. For more details, visit https://buff.ly/3NTARp6

Property investors often overlook or incorrectly claim borrowing expenses like bank fees, legal fees, and Lenders Mortgage Insurance (LMI). These costs are tax-deductible but must be spread over five years or the loan term, whichever is shorter. For more details, visit https://buff.ly/4fxbx4c #BorrowingExpenses #TaxDeductions #PropertyInvestment #Refinancing

International students may qualify as Australian residents for tax purposes depending on their study duration, ties to Australia, and other criteria. Residency status impacts tax obligations, including eligibility for the tax-free threshold. Learn more at https://buff.ly/3YK7g7F #InternationalStudents #AustralianTax #ResidencyStatus #TaxTips

A novated lease can be tax-effective, especially for electric vehicles that are FBT-exempt, allowing employees to save on costs while employers handle lease payments. However, additional fees can apply if you leave employment or wish to own the vehicle. For more details, visit https://buff.ly/4hlzugu #NovatedLease #TaxBenefits #Investax

A novated lease can be beneficial but has complexities, especially regarding the Fringe Benefits Tax (FBT). While marketed as convenient, with the employer managing GST and lease costs, you may face fees if employment ends or a significant balloon payment if buying the vehicle afterward. For more please visit https://buff.ly/4hlzugu #NovatedLease #TaxAdvice #Investax #FBT #ElectricVehicle

International students in Australia may qualify for the tax-free threshold if they meet residency criteria for tax purposes, allowing a portion of their income to be tax-exempt. Eligibility details depend on individual circumstances, so checking specific requirements is recommended. For a detailed explanation, visit https://buff.ly/40oNtMn #InternationalStudents #TaxFreeThreshold #AustralianTax #StudentTax

Opening a bank account in the trust’s name helps to keep trust assets separate from personal finances, ensuring clear and accurate management of the trust’s funds. It also simplifies tracking and reporting for tax purposes. For detailed guidance on managing your trust, visit https://buff.ly/40bodJx #TrustBankAccount #TrustManagement #EstatePlanning #InvestaxServices

The settlor fee should reflect the complexity and scope of the trust being established. Typically, this fee varies based on factors such as the trust's value and specific requirements. For a tailored assessment of settlor fees, consult with Investax. Learn more at https://buff.ly/48ksa0E #SettlorFee #TrustManagement #EstatePlanning #InvestaxServices #FinancialAdvice

You may be able to claim interest on loans for vacant land and new construction under certain conditions. The loan interest can often be deductible if the land is held for investment purposes or you intend to build an income-generating property. However, specific rules apply, so it's essential to understand your situation fully. For more details, visit https://buff.ly/4eQltWj #TaxDeductions #VacantLand #NewConstruction #Investax #PropertyInvestment

If you're unable to lodge and pay your BAS on time, there are options to request an extension directly from the Australian Taxation Office (ATO). You can apply online or through your tax or BAS agent, and in many cases, extensions may be granted. For full details on how to get more time for lodging and paying your BAS. check out the complete guide https://buff.ly/4hfDA9K #BAS #TaxExtension #SmallBusiness #ATO #TaxTips