In the lead-up to the May 2016 budget there is heightened interest in Australia’s property market following Opposition Leader Mr Bill Shorten’s announcement that Labor would fight the next federal election on tax reform centered around the withdrawal of negative… Read More ›
Negative gearing
Labor increases Property Market Uncertainty
Opposition Leader Mr Bill Shorten, at the NSW Labor conference 13/2/2016, well in advance of the forthcoming federal election, committed a Shorten Labor government to abolishing negative gearing except on new housing from the 1st July 2017. He also announced… Read More ›
What is so negative about negative gearing?
What is negative gearing and why use it? In negative gearing, expenses in excess of income can be written off against other income. To the best of my knowledge, the full cost of capital is accepted as a legitimate expense… Read More ›
