2 sides to every argument Tim, and your points are certainly valid. I suppose one key point is that to what extent was the price on your property being pushed up by the increase in the number of potential purchasers who were solely interested in the property because of the potential for negative gearing.
It's interesting that the discussions on negative gearing centre around property, in theory any income producing asset can be negatively geared. Of course property does have greater scope for deductions other than interest.
|