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by toomanybeersies
1898 days ago
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In a related story, we (my sharehouse) pay $5000 a month for rent in hard cash, and our landlord declares $2500 a month to the ATO. As a back of napkin calculation, between her >=2 rental properties, and due to negative gearing, she's declaring a $60,000 loss per annum on her rental properties. Combined with the 50% deduction for capital gains on property sales, I don't think she will pay a single cent for the income earned from her rental property investments. |
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