NRAS fail experience - be very selective

[Deltaberry]

Put it all on red at the casino, I guess?

I made that statement with the view that the investor wants to invest into property.

Having two identical properties side by side, one NRAS and one non-NRAS, which would be the best??

Be interesting to see what inbuilt commissions would be in each case.

If you wanted to invest in properties, and there is a bad suburb (ie no growth no prospects no cashflow), would you compare a property in that suburb to its rundown neighbour next door and therefore proclaim it is good?

 

[Ausprop]

If you wanted to invest in properties, and there is a bad suburb (ie no growth no prospects no cashflow), would you compare a property in that suburb to its rundown neighbour next door and therefore proclaim it is good?

you are saying that you can't divorce the cashflow from the comparison? I think the assumption is they are the same, other than the $10k tax free.

 

[Guzz226]

bump

So where has the whole NANE and NRAS outcome landed?

This is my first Tax Return year to consider NRAS.

Cheers

 

[imbi3]

bump

So where has the whole NANE and NRAS outcome landed?

This is my first Tax Return year to consider NRAS.

Cheers

Hi guzz226
How did you go with your tax return/deduction?

 

[Guzz226]

Hi guzz226
How did you go with your tax return/deduction?

Don't know yet. Held up by the NRAS certificates delays (well documented in other threads) - but will sit down with my accountant when I have all the paperwork.

I noticed you asked about this topic in another thread recently but it got skipped over and missed in all the noise.

Did you ever get a response? I am interested as well.

 

[Paul@PFI]

Delayed NRAS returns - There is an alternative provided you have a co-operative tax agent.

Lodge without claiming the tax offset. Then amend when it arrives.

 

[imbi3]

Did you ever get a response? I am interested as well.

Euro73 has replied in my other thread. Have a look, might help