Example Of A Typical Package For A $100,000 Income Earner Using Equity From An Existing Property For Deposit.
After buying a New Furnished, Co-Living Investment Property for $740,000 + $20,000 Furniture + $20,000 Costs = $780,000 at 6% Interest Only fixed over five years, with Rent of up to $ 900 Week,
Apply for income tax variation and claim your Tax Deductions weekly against your income, and assuming 1st July start.
Two types of tax deductions created:
1. Cash
2. Non Cash
New Taxable Income:
-
Wages $100,000
-
Plus Rent will increase with c.p.i. $46,800
-
Less Expenses $76,796
-
New Taxable Income $70,004
-
Direct Tax Payable $14,872
-
First year tax gain (old $24,960 less New $14,872 = Tax Gain $10,088 or $194 per week) $10,088
-
Cash Positive of over five years $5,770
-
Property Growth at 5% after five years $205,000
-
Converted Tax Dollars into Investment over five years $40,000
DISCLAIMER: These figures are an example only based on above particulars such as depreciation schedule, rent, cost and interest rates!
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