All Topics / Legal & Accounting / will a bank consider a tax reduction form?

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  • Profile photo of Misty1Misty1
    Member
    @misty1
    Join Date: 2004
    Post Count: 348
    October 19, 2004 - 12:07 pm

    I wonder if using a tax variation form would be considered when assessing loan servicibility?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    October 19, 2004 - 1:03 pm

    No. But some banks do take into account negative gearing benefits and depreciation – eg. Macquaire Bank.

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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