Good point UT, however the tax office also has rules about the number of years you can go on making a loss before they declare your deductions invalid. With the current outlook, that situation does not look promising for negative gearers, and the same tax laws that apply to tax dodge hobby farms should apply here as well.
I'm not sure of the number of years you are allowed to be loss making, might be 5? Any tax accountants care to comment?
