property markt in crisis, page-60

  1. 18,467 Posts.
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    You cant short property...only stocks associated with it.


    Just found this interesting titbit about negative gearing that i wasnt aware of...

    Perhaps all that is required to combat this issue is a more aggressive application by the ATO of s51AAA which prohibits tax deductions to the extent that they are incurred for the purpose of realising a capital gain - perhaps its time to expose the 'holding for the purpose of deriving rental income' argument for the fraud that it really is...

    If true then every investment in housing that isnt owner occupied and is negatively geared would be a breach of s51AAA
 
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