Some comments from more experienced property investors needed. I am looking at getting my first investment and negatively gearing, I have read to ATO rent documents, I have some fundamental question: say my net rental loss is 15k and my salary is 80k I pay tax on 65k salary. So I can calculate how much tax on 65k that is using ato tax calculator.Is this correct.
Sounds correct to me.
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
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