As a medical professional, your property acquisition journey is unique.
Over the course of your career you may need to balance changes in work, training locations and expenses, including increases and decreases in income over time.
The structure of your home and personal loans can have a significant impact on your wealth creation.
We can help you structure your home and investment loan debts to maximise your long-term tax outcomes and financial planning strategies.
Lending arrangements will have tax and financial planning implications that should be considered when selecting the structure and type of loan.
Our professional and client focused lending team are tax and financial planning accredited and we work closely with our colleagues in the Accounting, Taxation and Financial Planning divisions to consider your finances as a whole. This means you receive lending advice that considers all the key aspects of your current and future circumstances.
In many instances, we see lending professionals fail to consider taxation consequences and focus too heavily on the interest rate when selecting lending products. Our vast knowledge of tax, accounting and financial planning means you can avoid these long-term mistakes when you work with us.
As specialists in accounting and financial services for medical practitioners, Walshs has access to specialist products that allow us to deliver market-leading solutions, including market-leading solutions tailored for doctors and medical practitioners.
Our lending service includes:
Business and practice loans
Car and equipment loans
Self Managed Superannuation Fund loans
It is important you structure your home and investment loan debt to maximise your long-term tax outcomes and financial planning strategies by accessing market-leading medico specific lending policies.
If you wish to retain your property as an investment property in future, you must consider the long-term tax planning strategies to maximise negative gearing.
Structuring your debt correctly will ensure you retain access to your cash (allowing you to move around for training, fellowship, or other change of circumstances).
If you have cash above 5%, 10% or 20% deposit you can reduce your home interest costs, maximise long term tax planning benefits and retain access to your cash via an offset account.
Helping you bring your first home closer
You've made the big decision to buy your first home, now what happens? Our comprehensive 32-page First Home Buyers Guide contains all the vital information you need to know before embarking on the process of purchasing your first home. Download it by clicking on the button below.
Walshs Practice was established in 1991 and has grown to become one of South East Queensland's leading accounting and financial planning firms. Walshs encompasses tax and accounting services, business structuring, wealth advice, business services, superannuation and retirement planning, finance, insurance, lending and estate planning all under one roof.
All advice on this site is general in nature and does not take into account your personal circumstances. Please do not hesitate to contact one of our adviser accountants or financial planning advisers if you have a query that is specific to your circumstances.