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Thanks euro73, for you excellent, detailed feedback. The calculator was intended to whet the appetite of investors and raise NRAS awareness. The income is Gross (noted that it is not stated, I will change) Existing Rental income is not modelled in this calc. (yet) NRAS level is 20%, but I...

I have created a new calculator that may be of interest, and am working on others... http://www.globeap.com.au/NRAS-Tax-Rebate-Calculator.html. Let me know if you have a good idea for a useful calculator, as I have most of the maths sorted already