Each morning in semi-rural Southern Auckland I hear earthmovers working to clear what was once farmland into what will soon be residential sections, and after that homes for families.  For some it will be a step up, and for others a step in for the first time.

Interest rates are low but we are hearing more and more about how they will soon be rising.

With many first-time home owners stretched to the limit on funding home loan debt, a small rise in interest rates will have big ramifications.

For those that own their own business, this will put extra stress on the business to come up with extra after tax income to service the increased interest bill at home.

Accountants have experience in ensuring that debt servicing is treated as tax efficiently as possible while making sure that the appropriate tax treatment is always within the law.

Now might be the time to have a chat about ensuring your loans are treated as tax efficiently as possible.

Craig