Henry Tax Review: Effects on Property Investors

About one month ago, my friend's business acquaintance said that he heard rumours that the Henry Tax Review will abolish the "negative gearing" aspect of property investments. As this acquaintance is a Financial/Accounting professional, what he told my friend seemed real enough. This rumour spread like wildfire and was even mentioned on every major newspapers in Australia.

My friend was very worried by what she had heard.

I tried to calm her down and suggested to her that investments whether it's into property or shares, is the fabric of our economy. It would be political suicide if the government tries to abolish negative gearing.

Read more on The Henry Tax Review.

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