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TAXPL019 Hands up - who wants to save tax? (256 words)
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TAXPL019.doc
Description
This article outlines the tax savings to be made by prepaying the interest on investment loans. It uses a case study to better explain and encourages your readers to prepare for this well in advance of June 30.
Introduction
Most investors and business owners are aware that the interest paid on an investment loan is generally tax deductible. These deductions can be maximised by prepaying the interest on the loan.
The advantages could be considerable as the following example shows:
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