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Unformatted text preview: wants to salary package $5,000 to superannuation; $10,000 for private expenses; and $1,500 for membership of her professional association. Outline the likely FBT applicable to each of the items and identify advantages and disadvantages of salary packaging each of these items. 5. Patrick is considering purchasing an investment property for $350,000. The property was built in 2006. Patrick hopes to rent the property for $350 per week. He expects that annual costs to maintain the property, insurance and rates etc. will be approximately $4,000 and interest costs on his loan will be $24,000. Outline the income and capital gains tax effects for his investment choice....
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- Three '11