1. When calculating Net Invesment Loss, for example for a rental property invesment, would principal loan/mortgage repayments be included in this calculation or not?
2. Conceptually, why is Net Invesment Loss added back to taxable income to get to 'Repayment Income'? I presume the logic is that the government would prefer individuals to prioritise repayment of HECS debt over making personal (potentially loss making) invesments, hence the penalty?