All Topics / Help Needed! / Wrap information needed please (taxes, blah…)
Hi guys,
I just moved from Switzerland to Perth. I am also fairly new to this forum (but have been ready a lot on here). I'm amazed at how all you "experienced people" give a helping hand.. Good job on that, hope I can do that some day.
I just had a few questions about wrapping though… First of all, on the income you get from rent (buy & hold, no wrap) what percentage is taken from the government ? 50 % tax ?
And does that same rate apply to wrapped properties ? With positive cashflow ? And is that buy any means tax deductible ?
What about the CGT tax ? when is that paid ?
I don't know if you might be able to answer this, since it is (i think) only in WA : To get a Credit Provider's License, do you need to own a company ? or can you be a credit provider as an individual ?
Thanks for the help.
Clayton
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