patrickraj replied to the topic Truly a beginner question in the forum General Property 20 years, 8 months ago
Hi Folks,
Its starting to make more sense. Does this mean that if i were to have a IP that rakes in $300 and say my principle repayments etc comes up to $250, the $50 excess that i make is not going to be taxed because it is an IP??
regards
Patrick Raj