NRAS Properties

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The NRAS started on 1 July 2008 and offers annual incentives for a period of 10 years. The NRAS incentive is tax-free income and has two components:

  • an Australian Government contribution in the form a refundable tax offset
  • a state or territory contribution in the form of direct financial support

As the state incentive is non-taxable income, property expenses in relation to the generating this part of the income are non-deductible.

We usually require the NRAS refundable tax offset certificate for the claim of the tax credits.

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