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I'm not so sure about it being impossible to disallow. Any way I...

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30/07/21

12:33

Post #: 54902644
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Originally posted by Furpo2: ↑

"Negative gearing" is a glib term, suggesting a different treatment to the taxpayer.
But it is not different to any other business activity.

In fact "Expenses incurred in earning income are deductible" in every business.

So if you are earning income, your expenses are treated as deductions.

Searcher, you refer to "residential property", that isn't part of the
equation to be considered - every property or asset is eligible.

Property has to be earning income - doesn't matter if its residential or industrial
or any other property type for that matter (cars, trucks, mowers, if earning income).

Once you look at the bare bones of claiming expenses incurred in earning income,
you can see how impossible it is to disallow.

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I'm not so sure about it being impossible to disallow.

Any way I suspect the lowering of tax rate may well put a dampener Residentail property investment for some.
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