Ultimate Negative Gearing Calculator

Ultimate Negative Gearing Calculator

This Ultimate Negative Gearing Calculator caters for such variables as:

1. properties bought in different years (in the past and expected in the future) bought on specific dates;

2. variations in income tax scales from year to year;

3. P&I loans and I/O loans and switching between them, fixed interest loans, variable interest loans;

4. adjusting loan interest rates from year to year;

5. adjusting salary percentage increases from year to year;

6. adjusting rent percentage increases from year to year;

7. adjusting salary sacrifice (for example, superannuation contribution) rates from year to year;

8. adjusting cost increases from year to year;

9. works out purchase costs (both property and loan depending on the state);

10. allows for initial cash deposits on properties;

11. allows for entry of real information (eg from depreciation schedules, tax returns etc which overrides derived or predicted data;

12. income from different sources (wages, rents, shares etc);

13. variable capital growth rates for different properties and the ability to vary the capital growth rate from year to year;

14. net present value for different properties;

15. and much more ...

Things You Need to Know

Please note: All the Negative Gearing Calculators (Free version, Standard version, Professional version, or Ultimate version) have the same set of following assumptions.

(1) It is assumed the investor has an interest only (unless otherwise stated) home loan and the interest is deductible for tax purposes.

(2) When calculating the Capital Works Deductions, it assumes that the construction of the property started after 15 September 1987 and therefore the depreciation deduction is claimed for 40 years from the date construction was completed at a rate of 2.5% per year. Please note: You can manually adjust the depreciation deduction values from year to year if this assumption does not suit your situation.

(3) When calculating the tax payables, the tax rates applicable to Australian residents are used and the 1.5% Medicare Levy based on the individual Medicare Levy threshold is included where applicable. The calculator does not incorporate any other factors that might influence the amount of tax payable, such as Medicare levy surcharge, HECS contributions, any rebates, and deductions.

(4) The discount method is used to calculate capital gain tax if you hold the property for at least 12 months. The discount percentage is 50%.

(5) All months are assumed to be of equal length. One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366.

Refund Policy: If you are having issues with a product and need assistance with downloading and/or using the product, please contact us before you ask for a refund as we are confident that we will be able to resolve the issues. If we cannot help you, full refund will be offered within 30 days from the date of purchase. Negative Gearing Calculator will do our best to satisfy all refund requests from customers in a courteous, timely, and fair manner. Again, it will be very much appreciated if you can let us to rectify any issues you are having before asking for a refund.