You've completely missed the point, you are offseting losses...

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    You've completely missed the point, you are offseting losses that are completely unrelated to the income generated.
    You can't reduce your tax payable by making deductions unrelated to any other income stream (e.g personal expenses deducted from business income) so why allow losses made investing in property against say employment income?

    The UK, Canada, US & Germany do not allow negative gearing.
 
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