Tax Effective Investments

Tax planning is crucial in short term tax minimization and long term wealth creation.  The most well known types of these investments are called agribusiness.  The benefits of agribusiness are:

• Up to 100% legitimate tax deduction on the initial investment;
• 100% finance option available on most investments;
• Provide an income stream or lump sum payments in future years; and 
• Allow for further diversification to portfolio to minimise risk.

Tax effective investments generally provide tax benefits at the front end, in the form of tax deductions for expenses paid. They are best integrated with other mainstream financial strategies rather than focusing entirely on the tax savings from tax-sheltered projects. They should be treated as an investment alternative rather than a tax strategy.

The Australian Tax Office (ATO) has profoundly paid attention to this sector in recent years, forbidding deductions for investments made in projects considered primarily “tax-driven”. Investors can be provided with more assurance by only choosing projects that have an up-to-date public product ruling issued by the ATO.

Another common strategy involves prepayment of interest to allow for an immediate tax deduction in the current financial year.

Let us show you how to get back more tax dollars in YOUR pocket!  Please email us on info@wealthinlife.com.au to find out how.