Tips for Investors - Negative Gearing

The Australian Labor Party recently announced that if they win the upcoming Federal election, they will amend tax laws relating to capital gains tax and negative gearing on investment properties.  Essentially, these new laws will prevent investors from offsetting tax losses on investment properties against income from wages and other sources.  If you are considering buying an investment property, now is the time, before these laws come into effect.  Property prices and interest rates are also the lowest they have been for many years.