ATO debt refinance calculator
Compare the cost of an ATO payment plan with a property-backed loan to clear a tax debt.
Estimated results
What these figures mean.
Tax debt on an ATO payment plan accrues the general interest charge (GIC), a rate the ATO sets and updates regularly — enter the current rate yourself, since we do not maintain it here, along with the balance and the term the ATO has offered. Compare that against a property-backed loan at a rate and term you specify, used to pay the ATO debt out in full. Both sides of the comparison are calculated as a standard amortising loan, so the figures are on the same basis: a monthly repayment and a total cost including all interest paid over the full term.
The monthly cash-flow difference shows which option leaves more cash in the business each month, and the total cost difference shows which is cheaper over the life of the arrangement — the two can point in different directions, since a property-backed loan often has a longer term and a lower rate, which improves monthly cash flow but does not always reduce total cost. Refinancing ATO debt against property is arranged through private lenders and non-bank lenders on our panel, business-purpose only, and depends on available security and equity. This does not replace advice from your accountant or tax agent on your specific ATO arrangement, and the GIC rate should always be confirmed directly with the ATO before relying on it.
ATO debt refinance — questions we are asked.
Where do I find the current GIC rate?
The ATO publishes the general interest charge rate each quarter on its website — enter the current figure yourself, since it changes regularly and we do not maintain it here.
Does refinancing ATO debt always save money?
Not necessarily — it depends on the rate and term of each option. This calculator compares total cost as well as monthly repayment so you can see both sides.
What security is typically needed to refinance ATO debt?
Real property is the most common security, though the specific type, location and equity available all affect what a lender will offer.
Can I refinance only part of an ATO debt?
Sometimes — some arrangements refinance the full balance, others a portion, with the remainder staying on a payment plan. Discuss the specific split with a principal.