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Articles by John Rowe

If You Invest in Property, You Can Pay Less Tax With A Special Tax Code - IR23Bs -

AUTHOR: John Rowe

POSTED: 26 April 2009

A special tax code allows your employer to deduct PAYE at a lower amount, effectively paying you your tax refund during the year in each pay you receive.

Are you receiving a salary or wage?
Do you have investment property that generates tax losses?
Do you want more cash in your pocket now?
Are you expecting a tax refund next year?
Do you have to wait to file your tax return before getting a refund?
Want to maximise your cashflow during the year?

If you answered YES to the above you should consider applying for a special tax code through GRA.

With a special tax code, you:

Get better cashflow throughout the year
Pay less interest on your mortgage (by applying the surplus to lines of credit)
Don’t have to stress to get your tax return filed quickly
Don’t have to wait to get your tax refund

Gilligan Rowe + Associates are experts at helping property investors to reach their money goals faster. Go ahead and Request an Interview now. We'll explain how a special tax code and the correct management of your investment affairs, can work for you. It's free to take the first step.

Request a Meeting

John Rowe
Director/Partner

09 522-7955

[email protected]

© Gilligan Rowe & Associates LP

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Disclaimer: This article is intended to provide only a summary of the issues associated with the topics covered. It does not purport to be comprehensive nor to provide specific advice. No person should act in reliance on any statement contained within this article without first obtaining specific professional advice. If you require any further information or advice on any matter covered within this article, please contact the author.

Comments

Testimonials

This letter is to express my appreciation for the assistance and encouragement of both Anthony Lipscombe and particularly John Heaslip over the last financial year. The period since activating my trading trust has been one of considerable stress, as well as personal development, as I embarked on this as a relative business neophyte with virtually no awareness of the contemporary requirements of running a business, particularly the financial records aspect. During much of this period I have therefore felt considerable out of my depth. However I have been lucky enough to have had the benefit of the advice and support of John Heaslip in rationalizing what was a fairly chaotic set of records of the first year property trading. I am able to say that John in particular, has been unstinting in his attention to my needs and has done so in a manner which has never alluded to my extremely rudimentary grasp of managing a business, or even of being unable to set out a spread sheet properly. The result of the above guidance is that now, although my trading trust would still not be able to operate without the advice of GRA, I do least feel a sense of satisfaction that I have got to my present point without major disaster and that my property trust does now have some kind of firmer basis for any future activities - Name withheld by request

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Gilligan Rowe and Associates is a chartered accounting firm specialising in property, asset planning, legal structures, taxation and compliance.

We help new, small and medium property investors become long-term successful investors through our education programmes and property portfolio planning advice. With our deep knowledge and experience, we have assisted hundreds of clients build wealth through property investment.

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