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Forum: Australia

Dec 14th 2006, 9:42 am

Replies: 26

Negative gearing

Views: 1,549

Posted By MartinLuther

Re: Negative gearing

The point would be that only the interest on the investment mortgage would be deductible.

I can see that your extreme example could fall foul of the general anti-avoidance provision. I wasn't...

Forum: Australia

Dec 13th 2006, 4:48 am

Replies: 26

Negative gearing

Views: 1,549

Posted By MartinLuther

Re: Negative gearing

Did they say whether that was on top of the current 12.8% (of income above the tax free threshold) the government forces the employer to pay currently?

:)

Forum: Australia

Dec 11th 2006, 9:46 pm

Replies: 26

Negative gearing

Views: 1,549

Posted By MartinLuther

Re: Negative gearing

I agree - I wouldn't do it.

The only case I would do it would be if I had a mortgage on my own home. In this case I would increase the investment property mortgage to reduce my personal...

Forum: Australia

Dec 11th 2006, 9:19 pm

Replies: 26

Negative gearing

Views: 1,549

Posted By MartinLuther

Re: Negative gearing

The idea is that the expenses for the house (mortgage, repairs, depreciation, etc...) are more than the rent. This loss can then be offset against your income.

In this situation the ATO shares...

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