Lab Housing Policy and Negative Gearing, page-116

  1. 4sighttrader
    3,574 Posts.
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    31/01/24
    09:20
    Post #: 72149203
    It's not a subsidy it's a rebate.

    Their reduction in income tax occurs as expenses and depreciation can be offset against income.

    Similar to other tax offsets where the depreciation component can assist in reducing income, hence a refund from tax payable.
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