Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
I want to borrow $50,000 from my friend overseas for a homeloan deposit. It will just be through a single brank transaction. I will pay the money back later (in a few years based on my financial situation).