Toni has a number of income Producing activities of which some general net incom

Question

Toni has a number of income Producing activities of which some general net income and some produce losses. The results of the income earning activities for the year ended 30 June 2015 are as follows: Toni owns a residential rental Property where the deductible expenses associated with the property exceed the income from the property by $3500. Toni owns a commercial property where the assessable income associated with the property exceeds the allowable deduction by $5600. Toni carries on a business in which she provide legal service and the professional income of the business exceeded the expense be $1200. Ton, owns a substantial amount of shares listed on the ASX and the allowable deductions associated with the shares are greater than the associated income by $8900. What is Ton's total net investment loss for the year ended 30 June 2015? $8900

Explanation / Answer

loss from residential property=$3500

Income from Commercial Property=$5600

Income from professional business=$1200

Loss from Investment in Shares=$8900

Therefore, Toni's Net Investment Gain/(loss)=(3500+8900)-(1200+5600)= ($5600) or loss of $5600

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