All this talk of scrapping negative gearing is mindless. So what’s the plan? You can’t claim any expenses? You can only claim expenses up to the value of income received? The government are quite happy to tax investments that are positively geared , so why is negative gearing on the nose? All anyone seems to talk about with negative gearing is housing, what about other investments what’s the plan there? Seems to be a lot of rhetoric around gearing and capital gains but not much detailed thought and no plan from the left other than jealousy.
For what its worth I have never intentionally negatively geared, I think it’s a stupid idea from a financial perspective.
