I have to get advice soon about setting up my finance, Claiming depreciation on a new NRAS house and the best way to set up a tax variation if thats the best stategy.
I have worked out that with the NRAS GOV contibutions, the property will be around CF+ $7000 per year. I was thinking of defering my tax payment (pay less tax during the year) to give me this extra $583 a month to put into an offset account linked to my PPOR or pay it down directly to pay off non deductable debit. Any better Ideas are very welcome!
If anyone can help or knows of someone savy with NRAS and clever legal accounting I would be interested in hiring sevices.
I have worked out that with the NRAS GOV contibutions, the property will be around CF+ $7000 per year. I was thinking of defering my tax payment (pay less tax during the year) to give me this extra $583 a month to put into an offset account linked to my PPOR or pay it down directly to pay off non deductable debit. Any better Ideas are very welcome!
If anyone can help or knows of someone savy with NRAS and clever legal accounting I would be interested in hiring sevices.
