Special Report on
Negative gearing on primary residence
Negative gearing on primary residence - Trends
Latest Trending Story:
THE federal and state governments are moving to ease the pressure on house prices by commissioning a review of factors curtailing the supply of new houses and artificially pushing up the demand for housing. The popular first home owners scheme, which offers a $7000 government grant to people buying their first home, will also be included in the review to assess whether it is driving house prices higher by giving home buyers more spending power. The Prime Minister and state and territory leaders endorsed a new housing supply and affordability agenda at this week's Council of Australian Governments meeting, which was ...
that the Inland Revenue Department has won its first case against the owner of a Loss Attributing Qualifying Company (LAQC) owner who lived in her own rental and claimed tax losses to reduce her personal income tax. The Taxation Review Authority has found the owner, named only as Mrs B, guilty of tax avoidance. The IRD has just won a case involving a "Mrs B", who bought a home with a $292,000 loan through an LAQC which "rented" it back to Mrs B. She claimed losses over four years totalling almost $71,000 and as the LAQC's shareholder Mrs B set this off against her ... Read More
SURVEY RESULTS FOR
NEGATIVE GEARING ON PRIMARY RESIDENCE
All together now ~ We love negative gearing!!
Negative gearing is good!!