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Hi all, I was just wondering if anybody can tell me if this can be done: I have a 3 bedroom house which is part of a set of 3 on a strata title, it has no common area to the other 2 units has its own water meter, driveway and even fence separating the house from the other 2 units. Is it...

Thanks for those examples, I found this link: http://www.facs.gov.au/guides_acts/fag/faguide-3/faguide-3.2/faguide-3.2.5.html Now I'm worried cause my new taxable income with after tax cash flow added is $10000 less than my current taxable income, which will mean more FTB, i just don't...

So in effect the rental income doesn't get added in to start with, as essentially its included with the loss. So lookin at the tax benefits report from the PIA software, it would be my new taxable income + after tax cash flow, correct?

INCOME FROM JOB $20,000 INCOME FROM RENT $20,000 TOTAL INCOME $40,000 Correct DEDUCTIONS WORK RELATED $1,000 minus from income RENTAL DEDUCTIONS $50,000 TOTAL RENTAL LOSS $30,000 (INCOME - RENTAL DEDUCTIONS) add to income Wouldn't this make a total income of $69000?

Once you log into http://www.centrelink.gov.au/ they have a family benefit estimator.

I'm playing around with centrelinks FTB calculator and am now totally confused with their rules, looking at the tax report from the PIA software what tax figures should I be entering? New taxable income? and then from the summary, after tax cash flow, for the loss?