From: Ric1 .
I was wondering, as the current financial year draws to a close, whether it is possible to pay some of next financial year's IP interest (IO loan) early, before 30 June, so as to reduce one's taxable income this year. I've just been hit with a provisional tax bill for this year which I would like to recoup if possible.
If any one has done this, can they share with us how it was done?
Thanks in advance
Ric
I was wondering, as the current financial year draws to a close, whether it is possible to pay some of next financial year's IP interest (IO loan) early, before 30 June, so as to reduce one's taxable income this year. I've just been hit with a provisional tax bill for this year which I would like to recoup if possible.
If any one has done this, can they share with us how it was done?
Thanks in advance
Ric
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