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Just to be clear, that 25% drop in CF is if the "worst case" scenario as linked to in the OP was applied ($8,900) and then was rounded up ($10,000) just to be ultra conservative. On advice from my accountant I expect the actual CF loss to be substantially less than that figure, assuming the...

2 of the 3 properties I have purchased are dual occupancy and therefore benefit from 2 x NRAS allotments. So I'll be receiving 5 NRAS entitlements all up. Further, all 3 have pretty decent yields even after the 20% rent reduction is factored in. After tax cash flow prior to ruling would be...

Firstly I wasn't suggesting there was a way to "weasel out" of the ruling. And yes, I agree one should be conservative and risk conscious and work the numbers based on what the private ruling says. I merely asked because I wanted to know if you could confirm through having done a tax...

Good points. It all comes back to due diligence really. Of the 3 NRAS properties my wife and I have signed contracts on, only 1 valued short and then by only $11k so it wasn't a big problem to us. On the other hand, one property we looked at valued short by $100k, which was very surprising...

Interesting post. One question though, have you actually held the property long enough to need to do a tax return or are these figures based solely on the assumption the private ruling will be generalised and wont be changed? I only ask because the NRAS legislation has been changed a number...