Glossary

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NEGATIVE GEARING – When the income received from an investment property is less than the cost of the investment, you can deduct this amount from your taxable income, reducing your total tax bill.

NET INCOME – Income after income tax and expenses are deducted.

NET PROFITS – The term net profits, without qualifying expression, should be.

NOTICE OF TERMINATION – At the end of a lease either the landlord or tenant may give notice that they want to end the rental agreement and vacate the property.

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