Negative gearing points to taxing times for government
Negative gearing has proven to be a positive boon for rental property owners in Australia, and appears set to soar as rent receipts decline and COVID-19 continues to take hold.
Rental income reductions due to COVID-19 is likely to increase the number of negatively geared properties in Australia. Photo: Shutterstock (Image source: Shutterstock.com)
Negative gearing has proven to be a positive boon for rental property owners in Australia, and appears set to soar as rent receipts decline and COVID-19 continues to take hold.
Australian tax collectors were denied a potential $13.1 billion granted as offsets to investment property owners ahead of the 2019 election.
The tax benefit arguably cost Labor victory as the Coalition ran attacks on their plans to remove the negative gearing along wit…
