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| *Ostroff, Fair and Company>>>Australia Taxes |
What is negative gearing? |
What is negative gearing? Its where you rent out a property but you make a loss from it. You can write this loss off against your taxable income. Basically it's borrowing money to buy an investment. 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 |
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