Negative Gearing

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Fester
Member
@fester
Join Date: 2002
Post Count: 11
August 23, 2003 - 11:31 pm
I posted this on the Somerset Forum but as yet have not had a reply!
Maybe someone here is more enlightened!
“Actually, does anyone know what happened back in the Keating days when -ve gearing was suspended for that period? Was it only new players that were affected? Was it only interest that was disallowed, or all deductions that would send it -ve, like depreciation, council rates, body corp etc? I wasn’t into the property game back then!
Regards, Fester”
DaveC
Member
@davec
Join Date: 2003
Post Count: 79
August 24, 2003 - 12:02 am
Good morning Fester
Jan discussed this in one of her books …… trouble is I don’t recall which one it was in now.
Specifically I’m unsure as to exactly which deductions were disallowed during those years.
Maybe a call to Keating himself may provoke some reminiscing for him.
Sorry I am unable to help any further
Take care
Dave [][]
calron
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@calron
Join Date: 2003
Post Count: 78
August 24, 2003 - 5:47 am
Jans book is “More Wealth from Residential Property”. Pg 228
I hope this helps
Calron the Alcamist
Turning things into gold is fun.
[email protected][]
puissance
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@puissance
Join Date: 2003
Post Count: 72
August 25, 2003 - 3:20 am
ru guys worried about the government removing negative gearing allowances?
ShaneB
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@shaneb
Join Date: 2003
Post Count: 62
August 25, 2003 - 11:14 am
No, but apparently the Democrats want to abolish positive gearing