Are You Being Held Back by an ATO Debt in TAMWORTH?
- reggie159
- Aug 19
- 1 min read
ATO debts are no longer tax deductible
From 1 July 2025, ATO debts are no longer tax deductible.
With a general interest charge as I write at 11.17% (compounding daily), what if you (or, if you are an accountant, your clients), could:
Step 1: Refinance this debt to a business debt circa 7% pa. (And possibly now tax deductible, consult your tax adviser or yourself if you are one).
Step 2: In 12 months, potentially refinance you and your overall situation to a tier 1 lender at under 6%. Thus getting more debt off your books significantly faster.
Even if you are on a payment plan, we can help.
Stuck? Give me a call 0403397060 or hit reply.
Reggie

