If it's a roof, may as well use it for family shelter. But, If you have a second fully owned property as an investment. Then, yes... be flexible... You can keep it & get lazy rental income or sell it put it in bank or sell it to expand a business. Most people who fully owned a house or two... they've done a hard yard & prefer to get lazy money.... either from rental or sell it, put the $$$ in the bank with 4% interest.
4% fixed deposit bank interest pay a lot of tax !!!!
But, if you keep it as investment property with lazy rental income, you still pay income tax, but you can do tax depreciation on the building (not much but not bad), to offset the amount of tax you pay from a profitable business.
- Forums
- Property
- renting : dead money ?
renting : dead money ?, page-22
-
- There are more pages in this discussion • 155 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)