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cheers euro - thats how i initially thought it worked, before i read that link on the ATO site, which thoroughly confused me =) edit: - out of interest, how many NRAS properties do you own? (if you dont mind me asking)

hey euro, how does this work, say if for example you began on 0 income - (for sake of the refundable credits?). because i know you said for each property you will make a deductible loss of ~15-20k. So in this instance we are now making a loss each year of 15-20k. im a bit lost on how the...

For those of you who have this spreadsheet? - anyone care to link it up for the rest of us? =) Have just been mucking around making one, but figure i'm probably gonna forget some stuff/do it wrong :(