negative gearing occurs on an investment property"where the deductible expenses exceed the income earned from the property".
In an email, an unnamed spokesperson from the Prime Minister's office referred Fact Check to the 2016-17 ATO"tax stats", while also citing Treasury as a source.do indeed show that 21.9 per cent of police — 13,204 of 60,349 — claimed a tax deduction in 2016-17 for a"net rent loss", meaning they owned at least one negatively geared investment property.
Meanwhile, the number of police officers claiming any sort of rental income, negatively geared or not, was 15,791 — 26 per cent.In an email, a Tax Office spokeswoman explained that some investment properties owned by police officers may be missed in the 2016-17 statistics if a rental loss or profit had not been claimed in that financial year.
Still don’t think the taxpayer should help to fund their wealth building.
The fact is that existing investment properties will not be affected only new investment properties and these will only be affected if they are not new homes. So the answer is buy a new home as an investment property.
Earth shattering.
Great. Now how about a fact check on Coalition claim that they are better economic managers than Labor. And whether or not it's true - how much is that claim worth to them at election time? 10%?
Many positions in the police force.
So what if they do. How many investment properties does the one who is running the ABC own
Aren't the changes going to be grandfathered so they won't affect those with investment properties already?
So now cops aren't allowed to have investment properties? What a load of shit! They do a tough job. What next fireries and ambos can't have investment peoperties? What about defence members? Some of them have more than one. This is clutching at straws election crap
Oh no - you mean these people belong to the top end of town category. Check the firemen as well - at least one owns three investment properties! LiberalAus
Oh wow. This Ones gonna blow Your minds.
probably a lot less than RBA and APRA executives Conflicted
ask the ex qps bagman and fitzgerald enquiry dodger, you know the facist potato head representing dickson.