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The loss is a lot more than 3200. If it's treated like a normal rental then add depreciation, council rates, water, repairs etc then I am looking at 6000 plus and I'm in top tax bracket . I called auto and explained situation. They said apply for private ruling

I want to declare it so I can negative gear it as I'm paying 2000 a month on the mortgage

they are consent orders lodged with the family court as the final property settlement. I couldn't get her out of the house so the agreement seemed good at the time and it was all she would agree to without a fight. She has 12 months to vacate the property.

I can't ask the lawyer as they charge through the roof.

She hasn't made any payments. For example if she doesnt move out for 5 months its 20 weeks x $400 = $8000 so I will have to pay her $42000 instead of $50000. I'm still paying council, water rates etc. So is the $8000 deemed as rent? Rang a couple of tax accountants and they weren't very...

Issues: - I separated from my wife in January 2012. - We entered in a legal settlement agreement. Facts of the agreement are: 1. I will pay her a lump sum of $50000 when she vacates the property I solely own. 2. For each week she remains in the property an amount of $400 “rent” will be...