Everything your accountant or tax agent needs at 30 June, in one pack, with a fill-in interest summary for each loan split.
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At tax time, your registered tax agent works out how much investment loan interest is deductible and how your investment income is treated. They need the same small bundle every year.
The pack lists each document, then gives you an interest summary to fill in per split. If you keep the debt recycling tracing ledger during the year, most of it is already done.
We arrange the lending, not your return. Your tax agent decides the deductible share of each split.
Alex can look at how your loan is set up and tell you what would need to change. Free, no-obligation call, by phone or video.
Request a call with Alex →Deductibility depends on what the borrowed money was used for and on your circumstances. Where a split has only funded income-producing investments, the answer is usually simple. Where private and investment use have mixed, the ATO expects the interest to be apportioned, and your tax agent works out the split.
Annual tax statements from funds and ETFs can arrive some weeks after 30 June. Send the rest of the pack early and forward those statements when they arrive, so your tax agent can start on the interest side while the income figures are finalised.
It helps. A statement per split shows the interest charged on each account, which is what the interest summary needs. Many lenders issue annual interest statements per account through internet banking or on request. If yours does not, the monthly statements for each split add up to the same figure.
The spreadsheet that fills most of this pack for you.
Read more → GUIDEWhat your accountant needs at tax time, and why.
Read more → GUIDEThe purpose test your records are there to prove.
Read more →
1. Arranged a loan when our small business situation made it difficult to qualify.
2. Met requirements to have funding available by a specified date.
3. Understood my needs to setup debt recycling to allow tax structuring.
4. Communicated well throughout.
I would use their services again.
Alex, Jess and the Kingfisher team were second to none and their process from start to finish was faultless. As a self-employed business owner, it can be difficult to obtain finance at the best of times. The Kingfisher team made this an easy and efficient proposition and their continued transparent and efficient communication ensured we were kept up to date at all times. Highly recommend them for your finance needs!
Alex and Jess dealt with our investment loan and provided a top tier service. They kept us up to date and communicated every step of the process making it a seamless and smooth experience! Awesome work team we will definitely be back for future loans!
Jess from Kingfisher was outstanding. I couldn't fault her communication, expertise or dedication to finding the best loan for our situation. The entire process was seamless from start to finish. We'll definitely be using Kingfisher again in the future. A top-tier organisation.
