+ Reply to Thread
Page 2 of 2 FirstFirst 12
Results 11 to 12 of 12
  1. #11
    Join Date
    May 2011
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    Quote Originally Posted by lovesushi View Post
    Isabellabean, thanks a lot for sharing. Honestly it was the most decent house we could afford last year with DH's income. The neighbourhood is not bad, but not nice either iykwim. DH has just got a new job, better pay but nearly 2 hours transport from this house. so if we could do it all over again we would have chosen a different house.

    Hi babyla, thank you. What does it mean by "have it negatived gear for tax"? I thought rental income is taxable
    Yep, rental income is taxable. However, interest of your mortgage and any other expenses related to an investment property (insurance, rates etc) all reduce your taxable income. So, at tax time all these things should reduce your taxable income and give you a nice tax return. Basically, if it's costing you more to have the property than the income coming in from it, you can use these costs as a tax benefit. It also includes any improvements to the property whilst it's rented out eg: new water system, paint, curtains etc.. Also if your rental income from the property is less than the interest you pay on it -ie: you're running at a loss, then you can use this loss as well to reduce your taxable income.

  2. The Following 2 Users Say Thank You to babyla For This Useful Post:

    Hydrangea  (20-10-2012),lovesushi  (23-08-2012)


Similar Threads

  1. Bathroom renovation with an infant
    By lovesushi in forum House & Gardens
    Replies: 7
    Last Post: 17-07-2012, 16:01
  2. Bathroom & Kitchen Renovation
    By ThomasMum in forum House & Gardens
    Replies: 18
    Last Post: 13-12-2011, 03:34

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
free weekly newsletters | sign up now!
who are these people who write great posts? meet our hubbub authors!
Learn how you can contribute to the hubbub!

learn how you can become a reviewer!


forum - chatting now
christmas gift guidesee all Red Stocking
Boody Organic Bamboo Baby Wear
Softer than your bub's bum Boody Organic Bamboo Baby Wear
Australia's favourite eco brand has delivered a gorgeous baby collection. Made from organic bamboo, Boody's extraordinarily soft and stretchy, skin-friendly tops, bottoms, onesies, bibs and wraps don't 'cost the earth'. Get 20% OFF! Code BUBHUB16.
sales & new stuffsee all
Wendys Music School Melbourne
Wondering about Music Lessons? FREE 30 minute ASSESSMENT. Find out if your child is ready! Piano from age 3 years & Guitar, Singing, Drums, Violin from age 5. Lessons available for all ages. 35+ years experience. Structured program.
Use referral 'bubhub' when booking
featured supporter
Maternity Clothes
Looking to buy maternity clothes? :: Check the bubhub directory of local & online maternity clothes shops :: Find preloved maternity wear

Pregnant for the first-time?

Not sure where to start? We can help!

Our Insider Programs for pregnancy first-timers will lead you step-by-step through the 14 Pregnancy Must Dos!