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clock Created with Sketch. 26/04/24
11:41
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Originally posted by Cosmoterios
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You guys seem fixated on a narrative. when they say "you have a negative gearing claim of $10k on your property"....it means you have LOST $10k for that year on that property rental. And you are claiming a tax offset or refund of 45% of that - ie. $4,500 back. you have lost $5,500 for that year , for that rental property. Imagine asking an ordinary person if they have $5.5k to lose. You actually are losing $$$$$$ in the rental market; in most cases!!!
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you lost money because your out goings are greater than your incoming…. That’s your fault, maybe jf the house prices weren’t so high the yields would be better
