A Chattel Mortgage is an ideal way for sole traders, partnerships, business customers who are registered for GST to maximise the taxation benefits gained from financing a new or used vehicle and other plant and equipment.
Under a Chattel Mortgage GST does not apply to the monthly payments, however if the purchaser is registered for GST the GST component on the purchase price of the item may be recoverable through your BAS.
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If you have any questions or would like to get more information about a Chattel Mortgage, email us and one of our experienced finance consultants will contact you shortly.
