Sunday, Aug 20, 2006

How negative gearing can become a problem for all...

The Age: Landlords bring their losses to the masses

NEGATIVE gearing of rental properties is rapidly eroding tax revenues, with the Australian Tax Office reporting that net losses claimed by rental investors jumped 50 per cent in 2004-05 to $3.9 billion.

Posted by anthony ashwin @ 11:21 AM (503 views)
Add Comment
Report Article

2 Comments

1. Ticktock said...


I wondor how long it will be before the connection is made between the tax avoidance of 'decent hard-working middle class' people, and the shite living conditions that they cause for working class people like me.
Moreover, what might happen then?

Sunday, August 20, 2006 04:44PM Report Comment
 

2. uncle chris said...

I like this comment - "Renting houses has now become the nation's most unprofitable industry" - I know it's Australia, but the same thing is starting to happen here. Unfortunately, when you break down the figures for recent BTLs (yes, I do know one) they are reluctant, to the point of being agressively defensive, about accepting that their money would be better off in a building society. This will only change when the media as a whole starts to report the rise in negative equity, which sadly will be too late for most, therafter locked into at least 25 years of supporting their tenants - kind souls.

Sunday, August 20, 2006 05:58PM Report Comment
 

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines
Username  
Admin Password
Email Address
Comments

Main Blog | Archive | Add Article | Blog Policies