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dela.dzadey
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Advisely BoardAMA: We’re Dela Dzadey and Lana Graham, paraplanning and Xtools experts, Ask Us Anything!
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Hi lana.graham ,
Can I please know how we can model a negatively geared investment property to see the effect on tax on Xtools+.
anthony.derriscott
Iress Team
Iress TeamI can jump in here and thanks for your question!
Within Xtools+ you navigate to:
- Input > Individual > Assets > Property and add the property and enter the relevant details in the 3 tabs (Property Details & Acquisition / Growth, Rent and Expenses / Property Disposal).
- Then navigate to Input > Individual > Liabilities > Loan Details and add the loan, ensuring you enter the loan details in the other pages too, eg. Rates and Fees / Repayments / Drawdowns / Associate.
- Within the Display pages, you will then be able to view the cashflow and tax projections.
More details on entering property information can be found in the following Iress Community article: CALM Xtools+ Property 'Remodelling'
I hope this helps!
Thanks Anthony,
So I have added screenshots below, I dont see the tax deduction on the loss coming through.- anthony.derriscott
Hi Asini,
There isn't a line that displays the calculated negative gearing deduction, but it is included within the tax calculation itself.
Hope this helps.
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