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From: Goran Arsovski
Hello all,
Can someone please explain to me how would you go about calculating a tax refund from the following figures:
Built House:
Loan amount $150K
Cash: $82500
Cost of building $232500
(X2.5% write off)= $5812
Depr. furniture, fixtures etc.. $5000
Deduction rates, water, management etc $3580
Intrest (only) @ 6.32% $9480
Bank setup's, legals etc $750/5= $150
_________
TOTAL deductions $24022
Rent is 260p/w
My salary is $39000
I thank you in advance,
and by the way did I mention how great this site. I certainly appreciate every aspect of it.
Hello all,
Can someone please explain to me how would you go about calculating a tax refund from the following figures:
Built House:
Loan amount $150K
Cash: $82500
Cost of building $232500
(X2.5% write off)= $5812
Depr. furniture, fixtures etc.. $5000
Deduction rates, water, management etc $3580
Intrest (only) @ 6.32% $9480
Bank setup's, legals etc $750/5= $150
_________
TOTAL deductions $24022
Rent is 260p/w
My salary is $39000
I thank you in advance,
and by the way did I mention how great this site. I certainly appreciate every aspect of it.
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