Money Doesn’t Come Without Guidance ...
Negative gearing is a form of financial leverage. It is a practice of borrowing money to make an investment. Here, the interest and allowable deductions exceed the investment income and can be claimed as a deduction against other types of income by the investor. But it is considered more as a tax strategy rather than as an investment. It works not only for property but also for shares and bonds.
Negative Gearing Tax Treatment
The treatment of negative gearing in Australia is as follows:
In some of the following ways the tax treatment of negative gearing and capitals gains may benefit investors:
As for such tax payments at cheap rates individuals’ can use Tax Shark (taxshark.com.au) which is a free online tax return site. Here, you can file your tax return online securely along with having transparent accountants and agents.