Investors who have a negatively geared investment property have less taxable income than their employer estimates due to their investment property loss offsetting their employment income.

There is an efficient tax strategy that can free up extra cash sooner to reduce debt, put into your offset account or invest more.

Investors can lodge a Pay as You Go (PAYG) Withholding Variation which if accepted, will direct your employer to withhold less tax from your income and give you more cash during the year.

You will need to be accurate in your variation estimate to avoid paying penalty interest on the extra tax that you withheld from the ATO.

Discuss this option with your accountant to make sure that you are eligible and this is a suitable strategy for you

Investors, who have several properties which are significantly negatively geared, especially can benefit from this strategy to manage cash flow.

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