Source: The Age
NEGATIVE gearing is disappearing as a tax strategy for landlords, and it seems it won't be missed.
Falling interest rates and rising rents over the course of the financial crisis have made it increasingly hard for landlords to make deliberate losses to offset their other income for tax purposes, and the Government's Henry Review has the practice under the microscope.
But if we are to believe what landlords themselves have told a research project conducted for the Australian Housing and Urban Research Institute, they won't much mind.
...
NEGATIVE gearing is disappearing as a tax strategy for landlords, and it seems it won't be missed.
Falling interest rates and rising rents over the course of the financial crisis have made it increasingly hard for landlords to make deliberate losses to offset their other income for tax purposes, and the Government's Henry Review has the practice under the microscope.
But if we are to believe what landlords themselves have told a research project conducted for the Australian Housing and Urban Research Institute, they won't much mind.
...
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