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RESULTS IN YOUR BUSINESS, FINANCIAL & TAXATION AFFAIRS
With the Federal Budget on 3 May and an election later this year, tax and tax reform are on the national agenda.... again. The upcoming Budget is likely to contain some of the anticipated structural reforms expected but shy away from the populist policy decisions touted in the media such as the removal of negative gearing. Much of the tax and tax reform debate in Australia is focussed on the position of various interest groups and how the national revenue ‘pie’ should be carv
Are you relying on negative gearing? There has been a lot of negative conversation about negative gearing lately. But, if you are currently negative gearing your investment property, should you be concerned? Negative gearing is when you claim more in deductions than you earn for an income producing asset that you have purchased using debt. It is not limited to property, you can for example negatively gear shares, but property is the dominant negatively geared asset claimed by