Warning: 3 reasons why negative gearing is in jeopardy
One of the Australian Labor Party’s (ALP) big election promises in the 2019 federal election was to abolish negative gearing. It would be logical to think that the ALP’s shock election loss in 2019 will serve as a warning for policy makers. That is, banning negative gearing is an unpopular policy. However, I would caution investors against assuming that negative gearing is here to stay.What is negative gearing?Negative gearing allows investors to offset property investment losses against other taxable income (such as employment income) to reduce their tax liabilities.For example, Colin is…
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