All Topics / General Property / How to get tax refund fortnight instead of yearly?
Hi, I would like to know how to get tax refund back earlier (on fortnightly basis)? Does anyone know how to apply? as i have negatively geared property. Thanks, Kelly
Hi Kelly,
You need to download and fill out an Income Tax Withholding Variation. You can find it here:
http://www.ato.gov.au/corporate/content.asp?doc=/content/57470.htm
Jay.
Jay, Thanks a lot. Kel
Kelly
Don’t you also need your employer to agree to it?
The Mortgage Adviserhttp://www.themortgageadviser.com.au
You don’t need your employer to agree to it.
Once you complete the “1515” form from the tax office, you then forward it to the tax office who then inform your employer to adjust the with-holding tax payable.
State Manager
0425 358 293Wholesale Mortgage Lender that deals only with brokers.
20 years in Finance Industry
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