ATO: negative gearing depreciation has been rorted

Advertisement

By Leith van Onselen

The AFR reported over the weekend that one of the reasons why the Turnbull Government chose to only allow property investors to claim depreciation expenses on plant and equipment to actual outlays incurred was because it was being rorted:

The Tax Office is showing no sympathy for property investors complaining about the budget crackdown on depreciation, claiming landlords have inflated deductions as much as 1000 per cent.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.