Debt recycling is a strategy to convert (recycle) your non-deductible (bad) debt into tax-deductible (good) debt.
Read on to learn how debt recycling works, what you can debt recycle, things to watch out for, selecting high-yield or low-yield investments, when you should not debt recycle, and debt recycling vs concessional contributions. Read on »
If you are buying a home that you may later turn into an Investment Property, not understanding the difference between a redraw vs offset this could cost you tens of thousands of dollars in lost tax deductions. Read on »
You’ve probably heard some versions of these rules of thumb – “novated leasing is a scam”, “most of the benefit goes to leasing companies”, “you should never finance a depreciating asset”.
In this article, Chang-Yang tells us about his website, novatedlease.guide, which explains how novated leases actually work, where the benefits really come from, where the risks are, and who should or should not consider them. Read on »