Episode Synopsis "Episode 04 Borrowing and Negative Gearing"

This episode discusses how negative gearing can help reduce your assessable income, especially if you are a high income earner. Interest can only be deductible if used 100% for the investment property. Any private drawdowns or private use of the investment loan IS NOT deductible for taxation purposes, and needs to be apportioned. E.g. if you use 20% of the loan for private purposes, i.e. not for the investment property, then 20% of the total interest for the financial year WILL NOT be deductible in your tax return. Please note this is purely educational and is not a substitution for financial advice of any type or nature. If you would like more specific advice, please contact me: [email protected] and I will be happy to make an appointment with you.

Listen "Episode 04 Borrowing and Negative Gearing"

More episodes of the podcast Rental Properties with Phil

• Episode 07 Rental Properties Q&A
• Episode 06 Tax Return Schedule
• Episode 05a Treatment of capital losses
• Episode 05 Selling and Capital Gains Tax
• Episode 04 Borrowing and Negative Gearing
• Episode 03 Income and Deductions
• Episode 02 Buying property
• Episode 01 - Introduction