Paying taxes on time is the best strategy, but sometimes you don’t have access to the cash needed. Also, if you have investments like time deposits, you may be better off taking a low-interest tax loan than losing money on investment income. Below are some of the ways to best finance your tax debt.Instalment agreement: If you are unable to pay your tax debt in one go, you can sign up for an instalment loan with your bank or money lender. Instalment loans will help you repay your debt easily through monthly or yearly instalments.Offer in compromise: You can set up an OIC with your bank or money lender if you are having trouble repaying your tax debts. The OIC allows you to clear off your debt in less than the actual loan amount owed. The bank or money lender will assess factors such as your income, expenses, and ability to pay before signing the OIC. Therefore, your offer can get rejected if a bank or lender realises you are unable to pay in the future.Use a credit card: It's not a good idea to take another loan to pay for one. But if you are short on cash and can push your payments to a later date, then you can pay your instalments through a credit card.Apply for a loan against property: To finance the tax loan, taking a loan against property can be considered a good option. Mortgages are comparatively low, and just like personal tax loans, home loans are very easy to get in Hong Kong.