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Sorry I'm having a lot of difficulty understanding what you're saying. Are you suggesting that the method of apportionment of expenses between taxable income and NANE income is different to the calculations I gave above?

I agree that most investors will ends up several thousand CF+ per year on reasonably well-selected NRAS properties (which is significantly better than other neg geared investments - though inferior to reno-flips in my experience), and am likewise hopeful that the lobby group succeeds in changing...

I requested that the ATO provide me with advice over the phone regarding what I can and can't claim wrt NRAS deductions and provided them with the above private ruling number. They got back to me a few minutes ago and advised that, as feared, any fees incurred in participating in the NRAS scheme...

Thanks for sharing. I think that's where I missed a trick with NRAS in paying for my tenants' lifestyle through high body corp expenses and lack of scalability of a single townhouse - those double rent/duplex units with dual NRAS sound like solid cashflow investments even without NRAS and would...

Yep, included the highest possible dep'n of 10.5k in first couple of years down to dep'n of around 5.5k in the 5th year based on BMT schedule. My first year figures pre-ruling were just under 6k, and the avg over first 5 years at 4k (conservatively assuming zero cap growth & zero inflation)...

Understood and fair enough. My understanding is that doing a tax return with deductions for NRAS properties isn't in itself going to confirm or deny whether the particular deductions claimed are acceptable to the ATO - unless you're audited or apply for a private ruling directly. A reason why we...

Actually I think we did a fair job in this department. Building had been already been completed for 4 months when we settled. The townhouse valued at the purchase price of 351k, and we got it cheaper than what most owner occupiers would have paid for identical units in the same complex. The...

Haven't done a tax return yet, and the tax accountant I work with had no specific answers given the niche tax area this issue falls under. Being conservative and risk-conscious as we all should be, I re-jigged the figures based on what the published private ruling says and the circumstances in...

Having trouble sleeping so thought I'd share a sobering experience today, some sad regrets re my own missteps with NRAS, and try to temper/nuance some investment advice I gave to good friends which has been too one-sided in the recent past. Had another inquiry from a friend today regarding...