Loading
dickaaron(I'm new)I'm new
28 Nov 2023

I currently own my house and am looking to negative gear another house that i am likely to move into and rent my current property,

4,658 views
2 replies
4,658 views
2 replies

Most helpful response

Most helpful reply

Taxduck(Taxicorn)Taxicorn
28 Nov 2023

An interesting question. Plainly the answer is yes because you can't negatively gear a house you don't own. To negatively gear the house you own must be rented, (and rent must be at the market rate) and the cost to hold and maintain the house is more than the rent received.

All replies

Most helpful reply

Taxduck(Taxicorn)Taxicorn
28 Nov 2023

An interesting question. Plainly the answer is yes because you can't negatively gear a house you don't own. To negatively gear the house you own must be rented, (and rent must be at the market rate) and the cost to hold and maintain the house is more than the rent received.

Loading
Can I negative gear my house if I own it? | ATO Community