Comparison To Other Countries
Australia, Japan and New Zealand allow unrestricted use of negative gearing losses to offset taxes due to income from other sources. Several other OECD countries allow some offsetting with restrictions imposed, including; USA, Canada, Germany, Sweden, and France. Applying tax deductions from negatively geared investment housing to other income is not permitted in the UK or the Netherlands. With respect to investment decisions and market prices, other taxes such as stamp duties and capital gains tax may be more or less onerous in those countries, increasing or decreasing the attractiveness of residential property as an investment
Read more about this topic: Negative Gearing (Australia)
Famous quotes containing the words comparison and/or countries:
“Away with the cant of “Measures, not men!”Mthe idle supposition that it is the harness and not the horses that draw the chariot along. No, Sir, if the comparison must be made, if the distinction must be taken, men are everything, measures comparatively nothing.”
—George Canning (1770–1827)
“We are the sons and daughters of the world they saved. [Now is our moment] to make common cause with other countries to ensure a world of peace and prosperity for yet another generation.”
—Bill Clinton (b. 1946)