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Calculating tax deductions
3 min read
Rental income reductions due to COVID-19 is likely to increase the number of negatively geared properties in Australia. Photo: Shutterstock

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. 

Australian tax collectors were denied a potential $13.1 billion granted as offsets to investment property owners ahead of…

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