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Negative Gearing Myths

Apr 24, 2020

Do you have a negatively geared property?

Here's some things you should know:

 - negative gearing is not a good thing

- you will only get your money back if the property increases in value

 - paying minimum loan payments will keep the property negatively geared for a long time

- you only ever get back a percentage of your tax deduction as cash in the hand refund.   If you are on the 39% tax bracket - then you will only get back $39 for every $100 you spend.  (Don't spend you money just for a tax deduction!)

This blog is intended to provide general information only and should not be construed as legal or specific tax advice for your circumstances. It is always best to get advice from a professional before you rely on anything you read on the internet.

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