Net Equity Taxed? Interest Repayments Deducted from Income?

Net Equity Taxed? Interest Repayments Deducted from Income?

Hi Gareth. Would you please confirm that it is only a person's or business's total or net equity (asset valuations minus debts) that will be subject to the minimum income assessment. Will loan interest repayments be deducted for the purposes of calculating total income being generated by an asset (to then be compared with the minimum). -Matt


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