Why negative gearing is falling out of favour
The hot topic that did so much to bolster the election prospects of Prime Minister Scott Morrison has now lost much of its sheen.
Declining markets and COVID-related pressures have raised questions around the efficacy of negative gearing. Photo: Shutterstock (Image source: Shutterstock.com)
The hot topic that did so much to bolster the election prospects of Prime Minister Scott Morrison has now lost much of its sheen.
A commitment not to abolish negative gearing was attributed as one of the key reasons the coalition won the unwinnable Federal election.
While the Labor party was unable to eradicate the tax saving, COVID-19 has at least managed to tarnish its lustre.
A property is negatively geared when rental return is less than…
