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Positive gearing and tax

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Sutters10 | 26 Feb 2016, 11:28 PM Agree 0
Hi,

I currently own my place in Sydney which is paid off. I currently have an investment property in QLD which is leased out and has a $280,000 mortgage on it.

I have moved out of my place in Sydney and am currently trying to decide whether to sell or lease it out. I am worried that by leasing the property out, I will be taxed about half the rental income as it will be additional income to my full time job.

Is there anyway around this or advice on to buy or rent?

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