Even more property investment
Add comment October 7th, 2004
was talking with Darlene by email today (yes, my ex of '99 - we're still keeping in touch with each other on a relatively regular basis) about property investment. She's been a real estate agent and has owned a couple of houses. I asked her if she had any tips for me in relation to property investment. Interestingly, her advice was, in relation to what I've learned, bad.
Many people see negative gearing as being something of value. However….
Negative gearing means offsetting losses in one area against income from another to reduce tax. An increasing number of Australians understand this from first-hand experience. Most commonly they are using losses from investing in residential property to reduce the taxable income from their job or business.
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