Guest nev_n_angie Posted January 12, 2007 Share Posted January 12, 2007 :?: Hi We are hoping to be in Canberra in August/September 07. My husband has had Labour Agreement etc - We want to purchase property to rent as an investment. I am aware that there are tax incentives regarding this. Does anyone have any information regarding this?? We have sold our home here and are currently in rented accom. Angie Link to comment Share on other sites More sharing options...
restfamily Posted January 14, 2007 Share Posted January 14, 2007 Hi Interested to here you are off to Canberra. We are thinking of going there, but there do not seem to be many of us. Do you already have jobs? Link to comment Share on other sites More sharing options...
Guest nev_n_angie Posted January 14, 2007 Share Posted January 14, 2007 Hi RestFamily My Hubby is joining the ADF in Canberra - so he has a job! As for me....after settling kids into schools etc, I am hoping to try the property thing - we've done it here. When are you off? Link to comment Share on other sites More sharing options...
Guest Fraser Posted January 14, 2007 Share Posted January 14, 2007 :?: Hi We are hoping to be in Canberra in August/September 07. My husband has had Labour Agreement etc - We want to purchase property to rent as an investment. I am aware that there are tax incentives regarding this. Does anyone have any information regarding this?? We have sold our home here and are currently in rented accom. Angie The Australian Tax Office has rulings on this... http://www.ato.gov.au/individuals/content.asp?doc=/content/62426.htm Basically, anything you spend on the house (including interest on the loan and all fees of any kind) you can claim back as a tax deduction. They call it "Negative Gearing". Link to comment Share on other sites More sharing options...
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