What does negative gearing do for my house?

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What does negative gearing do for my house?

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Anonymous 0 Comments

if you own the house and just live there, absolutely nothing.

long story short, negative gearing is when your house has an expense (mortgage, bank interest, utilities), and it also generates revenue (rent).

You can deduce the excess expense directly from your primary income and pay less tax.

Tax needs to be paid = $ you make – ($ house expense – $ house revenue)