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Should Negative Gearing be kept or cancelled by the Government?

By Scarlet . Created on 13 Feb, 2020
Negative Gearing is the practice of investing borrowed money in such a way as to result in a loss that can be claimed as a tax deduction. (ie. people owning multiple dwellings, some higher than 20 when others can't afford to buy their first home)
Current Affairs 70 votes | 3 Comments
KEEP NEGATIVE GEARING

KEEP NEGATIVE GEARING

CANCEL NEGATIVE GEARING

CANCEL NEGATIVE GEARING

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CANCEL NEGATIVE GEARING
muz51 said 1 day ago
Thoroughly agree with Mrs. I do not agree with negative gearing at all, but if they can't remove it, limit it to one property per person/couple. I have relatives who are negative gearing 2 homes and bragging about it, it infuriates me as it is the average taxpayer footing the bill for their better lifestyle. They also claim as 'primary producers' even though technically they are just share farming....
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KEEP NEGATIVE GEARING
Mrs said 21 hours ago
Negative gearing more than one house is also a big risk. The cost of houses where I am droped 50% in the past 5years. Lots of people up the financial creek. We are scraping by because of taking only low risks and now working more (in our 60's) instead of less. And postponing retirement a couple of extra years. So greed can turn round and bite you.
KEEP NEGATIVE GEARING
Mrs said 1 day ago
Negative gearing is the reason that mum and dad investors can affort to own a rental house and that 96% of rental housing in WA is provided by private landlords. But - no one should be able to negative gear more than one house at a time. That is not working hard to get ahead, that is being gready. Everything in moderation. Or the mums and dads will invest in something other than houses and new housing growth will re...
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maxtraxv3 said 5 days ago
#dontusebuzzwords