PAYG Variations – Property Investors can improve their cashflow!
One way in which a property investor can improve their cashflow is by lodging a PAYG variation. A PAYG variation is an application to the ATO requesting that your employer reduce the amount of tax withheld from your regular salary or wage payments, to reflect the expected rental loss from your investment property.
This is effectively a way of reducing the amount of tax you pay each payroll cycle, rather than receiving a large lump sum refund at the end of the financial year, and can be a great help in making mortgage repayments.
If you own an investment property, speak to your accountant about making a PAYG variation.
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