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Thanks Natalie and Terry, very helpful.
Mark
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
Thanks Simon and Ross,
Ross, its seems so very simple the way you have explained it.
thanks
Mark
Viewing 2 posts - 1 through 2 (of 2 total)