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This may be simple but I’m new to all this so…
If I own +Ve geared properties (which at this stage I have one) then the extra money I’m receiving from the rent, is this taxed? How is it taxed? Added to my ‘working wage?’
I hope that makes sense??
Ernie
The answer to your questions is yes and yes, if you don’t have a right off . Use this ATO site to calculate just how much you’ll owe or make, just add your incomes together and enter them into that sites program.
http://www.ato.gov.au/scripts/axos/axos.asp?CONTEXT=&KBS=Stax001i.xr4&go=ok
Viewing 2 posts - 1 through 2 (of 2 total)
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