I can’t pay my tax debt, what do I do?

What business tax debt loan options do I have?
April 23, 2020
How can you be released from your ATO tax debt?
April 23, 2020

If you can’t pay your tax debt, there are several options:

  • Firstly, Tax debt hardship application which includes payment plans with the ATO directly. However, you may also negotiate reductions with your ATO tax debt or general interest charge.
  • Secondly, obtaining finance to pay your tax debt. As a result, this could include refinancing your home loan to consolidate your tax debt.
  • Thirdly, Unsecured lending.
  • Also available are 2nd mortgages and caveat loans.