NAHC
NATIONAL CALL FOR NRAS ROUND
5 - EXPRESSION OF INTEREST
Significant preparation
is now underway to ensure the National Affordable Housing Consortium
(NAHC) and its partners are well placed for the NRAS Round 5 Tender,
due to be announced by the Government in the coming weeks.
NAHC are now calling interested parties to submit an Expression of
Interest Form. To obtain the EOI Form and further information, please
contact Daniela Weatherill on 07 3169 2507 or email
nras@nahc.org.au.
Name
Change
From
the 2nd of January 2013, Queensland Affordable Housing Consortium will
be trading as National Affordable Housing Consortium (NAHC). All
contact details will remain the same.
ATO
Private Ruling
The
Australian Tax Office has released a private binding ruling on the
public ATO register which concerns the apportionment or rental expenses
for NRAS Approved Rental Dwellings.
That
ruling provides: ‘While
derivation of assessable income by way of rent is one objective
achieved by
your participation in NRAS, the receipt of government incentives,
including
state government NANE (non-assessable non-exempt) income is another.
The costs
associated with making your property available as an NRAS rental
property would
need to be apportioned to reflect the derivation of associated
assessable
income and NANE income. Accordingly the rental expenses you will incur
in
respect of the rental property must be apportioned, limiting your claim
for any
deduction to the portion of costs relating to the derivation of
assessable
income’. A
full copy of the private ruling may be obtained here.
Importantly
a private ruling on the ATO register cannot be relied upon by members
of the public (other than the private recipient of the ruling) in their
tax returns. The ATO advises:
‘the
rulings in the Register have been edited and may not contain all the
factual
details relevant to each decision. Do not use the Register to predict
Tax
Office policy or decisions.’ NAHC
cannot provide taxation or legal advice. Investors should receive their
own taxation advice in respect of the ability to claim deductions for
expenses (including insurance, repairs and loan interest) incurred in
respect of an NRAS Approved Rental Dwelling.
NAHC:
A National Leader in NRAS Delivery
NAHC
has delivered over 1500 new homes across Queensland, New South Wales,
and Victoria over the last 30 months and has over 500 under
construction.
NAHC has attracted over $700 million in private investment into
affordable housing.
NAHC will delivery over 3,500 homes by June 2014.
We
have a wide selection of dwellings including in regional centres with
mining/energy growth.
Banks
All
majer banks lend to NAHC NRAS investors. A wide range of other banks,
credit unions, and building societies also lend to NAHC NRAS investors.
We are seeing a significant increase in investment from SMSF often
leveraged through bank mortgage finance.
NAHC:
Managed Investment Scheme Relief
- NAHC
is the only Approved Participant to offer investors a choice between a
Headlease and Delivery Agreement model. Both of these models have MIS
Relief from the ASIC.
NAHC:
New Projects Update
- Springfield
Lakes—Lendlease
- North
Lakes—Stocklands
- Augustine
Heights—Various
- Nundah—Property
Solutions
- Gladstone—Various
- Mackay—Various
- Rockhampton—Various
