Hi
My father currently has 4 properties (1 PPOR and 3 IPs) paid off and is considering retiring due to recent poor health . If he decided to stop working and the rental returns of his investment properties netted approximately $45K per annum, how much tax will he have to pay? Would this still be considered PAYG tax?
Thanks
My father currently has 4 properties (1 PPOR and 3 IPs) paid off and is considering retiring due to recent poor health . If he decided to stop working and the rental returns of his investment properties netted approximately $45K per annum, how much tax will he have to pay? Would this still be considered PAYG tax?
Thanks