Aaron WhybrowGeneral Manager, Strategic Mortgage Broker

COVID Grants in 2020 & 2021

Name: COVID Grants in 2020 & 2021
Uploaded: 2021-08-04T02:14:43Z
Channel: Aaron Whybrow
Description: A short advisory video by Aaron (Diagnostics and Finance) explaining that COVID cash boosts and JobKeeper grants included in self-employed tax returns…

4 Aug 2021

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A short advisory video by Aaron (Diagnostics and Finance) explaining that COVID cash boosts and JobKeeper grants included in self-employed tax returns (2020–2021) can be excluded by lenders when assessing borrowing capacity for home loans. He urges affected self-employed people to seek lending strategy advice before using those tax returns to buy a home and offers a complimentary consultation.

Are you self employed and you've had some Covid Cash boosts, Jobkeeper grants? Hey, it's Aaron from Diagnostics and Finance here. If this is you and you have 2020 tax returns, 2021 tax returns which have these amounts of money sitting in there as a line item underneath your normal sales, you need to reach out to get some lending strategy before you go buy your next home. With the COVID cash boost in the main, a lot of lenders are actually taking that away from you. So in effect if you've made $20,000 profit and you've got $20,000 worth of cash boost, you've made no profit and you can't use that to service your next home. So if you've had Covid Cash boost, Jobkeeper grants, anything of that sort in your self employed financials and you find yourself in the need to move from one house to another or buy another house or utilize that tax return to do so, reach out for a complimentary chat today. Hey, it's Aaron from Diagnostics and Finance and I'm here to meet you where you are and put a strategic lending strategy in place today.