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  • Profile photo of mittamitta
    Member
    @mitta
    Join Date: 2006
    Post Count: 4

    Thanks Natalie and Terry, very helpful.

    Mark

    Profile photo of mittamitta
    Member
    @mitta
    Join Date: 2006
    Post Count: 4
    Originally posted by trajik:

    If you own the property jointly and your income is in a higher marginal tax bracket, then salary packaging rental expenses gets you a benefit equal to the difference in your marginal tax rates.

    ie,

    If your tax rate is 46.5% and your partners is 16.5% then the benefit is 30% of what you can salary package.

    hope this helps.

    ross

    [email protected]
    http://www.guardianaccounting.com

    Thanks Simon and Ross,

    Ross, its seems so very simple the way you have explained it.

    thanks

    Mark

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