ATO (tax office) payments by credit card

[Pushka]

I rarely paid by credit card because of that fee. Will change that now.

 

[Bofter]

Do we think as a ratio of estimate to cost, that the government's estimate of an uncapped demand driven cost will be off by Cheaper Home Batteries program levels (3:1, but only because of modifications to rein in) or NDIS levels (I think sitting at around 5:1 or so)?

 

[Haplo]

I have a CGT bill to pay this year as I sold an investment property, so come 31 Oct I am going to smash all of it onto my Amex platinum card for the free points, plus the interest free period as well.

 

[cove]

This news of the Treasurer allowing credit card payments until 30th June next year is better than receiving a thank you from the fiscal fiend.

 

[Duffa]

I have a CGT bill to pay this year as I sold an investment property, so come 31 Oct I am going to smash all of it onto my Amex platinum card for the free points, plus the interest free period as well.

Brilliant. I just realised I have a CGT too!

 

[serfty]

$10k ...

Paying with a QBR Business Amex.

Direct earn 5000 Qantas Points for $0

Use, say Sniip, earn 12,743 Qantas points at a raw cost of $219. GST is $19.91 which can be used as an input tax credit. The remaining $199.09 is tax deductable.

Need to consider the useful value of those 7.7K QFF.

(I know there are other Amex products which may have a better direct earn.)

 

[prozac]

$10k ...

Paying with a QBR Business Amex.

Direct earn 5000 Qantas Points for $0

Use, say Sniip, earn 12,743 Qantas points at a raw cost of $219. GST is $19.91 which can be used as an input tax credit. The remaining $199.09 is tax deductable.

Need to consider the useful value of those 7.7K QFF.

(I know there are other Amex products which may have a better direct earn.)

Interestingly the ATO (and government) earn rate of 2:1 is the same for the free Amex Qantas Discovery. Good card for low income earners and as a back up.

 

[transpactraveller]

Interestingly the ATO (and government) earn rate of 2:1 is the same for the free Amex Qantas Discovery. Good card for low income earners and as a back up.

Low income earners are unlikely to have any need to pay the ATO.