What is negative gearing?

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What is negative gearing?

2007-01-07 14:22:03 · 3 answers · asked by Lou 2 in Business & Finance ➔ Taxes ➔ Australia

3 answers

Its where you rent out a property but you make a loss from it. You can write this loss off against your taxable income.

2007-01-09 14:18:03 · answer #1 · answered by Stoosha 2 · 0⤊ 0⤋

you use losses to help with your tax breaks i think.

Like if you have one house, and buy another investment property, you can use the losses from one to offset the tax on another or something like that

2007-01-09 18:38:13 · answer #2 · answered by Minerva 5 · 0⤊ 0⤋

Basically it's borrowing money to buy an investment.

2007-01-08 00:27:12 · answer #3 · answered by Kelsey 3 · 0⤊ 0⤋