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Interest in Advance – Property Investors
Interest – in – Advance (IOA) is a repayment option that offers fixed rate Investment Property Loan customers an interest rate discount for paying 12 months’ worth of interest up-front. Effectively bringing forward your next 12 months interest repayments to pay in one lump sum during the final week of this financial year. This amount can be added to your interest repayments previously paid during the current tax year which could enable you to claim more costs against the assessable income for 2012/ 13 Tax Year.
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written by:
McKinley Plowman
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