I am looking at purchasing an investment property that will stretch me financially . The monthly repayments on the mortgage will be very high compared to my salary and the property will be highly negatively geared.
When can I submit tax returns for the negative geared property to claim back some of the money, ie. would I be able to do this on a quarterly basis?
This is really a question of Cash Flow I guess to determine how much I really need to own the property before I receive the tax benefit from the ato.
Thanks
Neil
When can I submit tax returns for the negative geared property to claim back some of the money, ie. would I be able to do this on a quarterly basis?
This is really a question of Cash Flow I guess to determine how much I really need to own the property before I receive the tax benefit from the ato.
Thanks
Neil