Negative Gearing on property applies when the costs (interest, council rates, water rates etc) of ownership exceed the income (rent) generated by the property.
The Australian Taxation Office (ATO) allows property investors to offset an income loss incurred on a real estate investment against any other income. In other words your investment must make a loss before you can claim a tax benefit. It works not only for property, but also for shares and bonds.
Property owners can claim deductions and depreciation against income on the property. There are three main classes of deduction available to investors:
Owner occupied qualify for the lowest mortgage rates. In order for a home to qualify as your primary residence, these are some of the characteristics that must be met:
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