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Hi – Not sure if this has been made clear.
NRAS incentive is given to any and all investors in full regardless of income earning or whether you are working,
Part of it is a federal government payment and part of it is a stategovernment payment. The portion given as a tax offset is given to you via tax return if you have that much to claim – however, it is DEFINITELY given to you regardless. and is given as a payment if you are not working or not earning enough. this is why it is a tax offset or payment.
The full amount is absolutely given to everyone.
I hope that clears that up for you.
the NRAS investment is a good one to consider. It brings in more money than a average investment even though there are fees involved.
if you plan an NRAS investment well you will end up with a positive cashflow new property.
the real considerations are:
- your shortfall in the year prior to collecting the incentives (which can be assisted by way of line of credit if finance allows or even better a tax variation which is done by your accountant)
- costs of interest if you are buying a house and land prior to rental coming in
- correct choice of NRAS property
I hope that makes it clear that the tax offset/payment is for EVERYONE