GIC and SIC rates for 2013 December quarter The ATO has released the 2013 December quarter rates for the General Interest Charge (GIC) and the Shortfall Interest Charge (SIC) as follows: GIC annual rate 9.6% GIC daily rate 0.02630137% SIC annual rate 5.6% SIC daily rate 0.01534246% Interested in joining our team? Why not […]
Car expense rates per km- 2013/14
Car expense rates per km- 2013/14 The car expense rates per kilometre have been set for the 2013/14 year. They have been increased for the first time since 2008/09 2012/13 small car 63c medium car 74c large car […]
GIC and SIC rates for March 2014 quarter
GIC and SIC rates for March 2014 quarter The ATO has released the March 2014 quarter rates for the General Interest Charge (GIC) and the shortfall Interest Charge (SIC) as follows: GIC annual rate- 9.59% GIC daily rate- 0.02627397% SIC annual rate 5.59% SIC daily rate 0.01531507% Also, the interest rate on overpayments, Interest rate […]
What are the benefits of negative gearing?
What are the benefits of negative gearing? Positive gearing occurs when you receive more in rent from your tenants than what you pay on the likes of loan repayments, interest, property maintenance and rates. This tends to happen at times when rents are high due to strong demand and interest rates are low A negatively […]
