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From: Brendan S
Help Please!
Trying to figure out weather I should lodge a section 15-15 PAYE tax variation form.
Recently acquired 1st IP and have run figures through PIA. Turns out to be cashflow +ve, however the idea of the property was to negative gear.
Does this +ve cash flow mean it is +ve geared or is it just a cashflow positive, neg gearer?
(if that makes sense)
If its cash flow +ve, should I still lodge the variation form and if so should I do it now or wait until the beginning of the new financial year?
so confusing!!!!! (sorry)
Look forward to your opinions
Ta' Brendan.
Help Please!
Trying to figure out weather I should lodge a section 15-15 PAYE tax variation form.
Recently acquired 1st IP and have run figures through PIA. Turns out to be cashflow +ve, however the idea of the property was to negative gear.
Does this +ve cash flow mean it is +ve geared or is it just a cashflow positive, neg gearer?
(if that makes sense)
If its cash flow +ve, should I still lodge the variation form and if so should I do it now or wait until the beginning of the new financial year?
so confusing!!!!! (sorry)
Look forward to your opinions
Ta' Brendan.
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