Negative gearing to jump as rate rises bite
John KehoeEconomics editor
Higher interest rates will make negative gearing more popular and increase tax deductions for 2.4 million property investors, who tend to be older and earn higher incomes.
Tax savings for landlords claiming deductions for property expenses are forecast by the federal Treasury to hit $27.1 billion this year, up an estimated 62 per cent from 2020-21 when fixed mortgage rates fell to about 2 per cent.
Loading...
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Tax & super
Fetching latest articles