"Negative Gearing
Negative gearing will be limited to “new housing”. The commencement date will be announced after the election, with investments made before this date grandfathered.
The change will also apply to other assets including shares which are purchased with the assistance of a margin loan, or an investment in a business using borrowed monies. While interest will still be deductible, it will only be deductible to the extent that the income and the allowable deductions are fully offset – you won’t be able to claim a ‘net’ investment loss."
