Neg geared with pos cashflow after tax...

From: .watto .

Hi all,

Just wondering how banks look on the above in relation to your DSR level.

Do banks take tax refunds as income or not?

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Reply: 1
From: Rolf Latham

Hi Watto

Some lenders will look "add-back" the "income" generated from tax deductions through interest and depreciation.

The more commonly know ones are ST George, Adelaide Bank, Suncorp Metway, ING, and a smattering of others. Beware though since what is given with hand is taken with the other. Maximum Serviceability has more to do with the basic model of the lender than it has to do with whether or not the tax benefits are added back, what else to they allow, annuities income, company car add-backs and the like.


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