QUOTE (ekbaby @ 19/12/2012, 08:11 AM)
If you have investments/assets would this not affect your eligibility for FTB?
I don't think the family home is counted in asset tests but other investments would be. I am not 100% sure but if you are receiving rental income from investment properties this also counts as income for FTB purposes, even if the property is negatively geared.
There is no assets test for FTB, only payments such as PPP, PPS, etc
Rental income will only impact FTB if you make a profit. If you come out even, it's like the rental doesn't exist. If you make a loss, the loss gets added back on to your taxable income to get your adjusted taxable income for FTB purposes, to ensure there is no double dipping:)