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If Henry argues for a change of the negative gearing rules, there is a more likely chance that Rudd and Co will follow that advice as it gives them some economic argument and thus politcal capital to go through with it. Considering that the Henry report was said to be the biggest tax report...

I guess at the end of the day it depends on what Henry has said on this subject in his review. Isn't that report going to be made public before the budget, according to Swan? Gosh we haven't got much time left to consider what he has said before the budget is handed down, which maybe heavily...

Piston, I agree with your argument about higher interest rates and higher tax rates would effect a government on negative gearing more than it would now. However I've read articles (non that I have access to at the moment) that argue that the value of the negative gearing is much higher...

In regards to my original point of my post. I never said that loosing negative gearing will reduce the value of property. I only said that some people argue that it might. On people that have stated that negative gearing won't be abolished, I respect there arguments and there argument is...

Just because I may think some property maybe overvalued at the moment, doesn't mean that it will always be overvalued. To say that I shouldn't buy property because I believe the housing shortage argument might be over stated, only really applies in the short term.

There is at least a whole generation (close to 2) people of voting age who do not know what happened in the 80's when negative gearing was abolished. With commentators saying that negative gearing is a major reason why they can't afford property, they may support the abolishment of negative...

There are other examples where losses can only be offset by profits from that activity (IE. non-commercial losses for a business operation). So it wouldn't be too radical from a academic tax point of view to have negative gearing losses quartined to future rental income. There is the Henry...

With some commentators believing that negative gearing is the main reason for higher property prices and the fact that the government is in defict, will Rudd make the call and abolish or alter negative gearing on properties? I heard in the 80's negative gearing was abloshied and that...