Redwood Advisory’s trusted Partner is ECG Wealth, Darrell Jolly – Operations Manager at ECG Wealth has explained NRAS in a nutshell in NRAS Short Read ver 2. The investor offers the property for rent 20% below market rent and the Government gives you a tax free grant of $10,350 per year (indexed) for 10 years. Simply this means that the lucky investor receives a tax free government grant of over $100,000 paid over 10 years. This grant is on top of the tax deductions available to all investment properties.
If you have any questions in relation to NRAS please call Redwood Advisory’s Director Ivan Filipovic on 0425 622 226 or ECG Wealth (Darrell Jolly) on 0401 074 523
