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Articles by John Rowe.

John Rowe

If You Invest in Property, You Can Pay Less Tax With A Special Tax Code - IR23Bs -

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A special tax code allows your employer to deduct PAYE at a lower amount, effectively paying you your tax refund during the year in each pay you receive.

  1. Are you receiving a salary or wage?
  2. Do you have investment property that generates tax losses?
  3. Do you want more cash in your pocket now?
  4. Are you expecting a tax refund next year?
  5. Do you have to wait to file your tax return before getting a refund?
  6. Want to maximise your cashflow during the year?

If you answered YES to the above you should consider applying for a special tax code through GRA.

With a special tax code, you:

  1. Get better cashflow throughout the year
  2. Pay less interest on your mortgage (by applying the surplus to lines of credit)
  3. Don’t have to stress to get your tax return filed quickly
  4. Don’t have to wait to get your tax refund

Gilligan Rowe + Associates are experts at helping property investors to reach their money goals faster. Go ahead and Request an Interview now. We'll explain how a special tax code and the correct management of your investment affairs, can work for you. It's free to take the first step.

John Rowe
signed
John Rowe
Retired Partner, Consultant to GRA
© Gilligan Rowe & Associates LP

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Disclaimer: This article is intended to provide only a summary of the issues associated with the topics covered. It does not purport to be comprehensive nor to provide specific advice. No person should act in reliance on any statement contained within this article without first obtaining specific professional advice. If you require any further information or advice on any matter covered within this article, please contact the author.
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Gilligan Rowe and Associates is a chartered accounting firm specialising in property, asset planning, legal structures, taxation and compliance.

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