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QUESTUS APPROVED NRAS PROPERTY
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NO NRAS
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WITH NRAS
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House & Land Property Investment
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$397,950
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$397,950
|
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Stamp Duty & Settlement Costs
|
$5,168
|
$5,168
|
|
Total Investment
|
$403,118
|
$403,118
|
|
INCOME
|
|
Rental income
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$18,200
|
$14,560
|
|
Government Rental Incentives – TAX FREE
|
Nil
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$8,672
|
|
EXPENSES
|
|
Property Expenses, Fees & Interest
|
$26,194
|
$26,1271
|
|
Tax Position
|
|
Total Tax Allowances
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$34,719
|
$34,319
|
|
Tax Loss (Negative Gearing)
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$16,519
|
$19,759
|
|
Tax Benefit at Marginal Tax Rate
|
$6,856
|
$8,200
|
|
NET SURPLUS AFTER TAX
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-$1,139
|
$5,161
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Note: The information included in this example is provided as a guide only and all
potential investors should consult their professional advisor .Assumptions – Gearing
Level on property 100%, Current Variable Interest Rate on Loan of 5.25% p.a, Market
Value Weekly Rent (Before NRAS Discount) of $350, and Investor Marginal Tax Rate
41.5%.
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