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Ahhh the good folks of the ATO, Glad to be helping them out on where I can. . :cool:

Lol youre a classic Rob :D Sounds like youre doing very well, congratulations on everything youve managed to do, I aspire to have a portfolio like yours and Im well on my way so far so it doesnt seem like so much of a dream anymore, youre a great inspiration to me and many others alike.

Congrats on your API appearance too by the way Rob, I see you like that pitcure, alot :) Twas awesome,

Like everyone says it does, you get a 'tax deduction' I dont have to pay back the money I claimed for my work clothes when I sell them or theyre depreciated. . nor my work tools so I naturally thought I didnt have to pay back the depreciated building if I sell either, nobody ever told me is all...

So, after years in the game, all the big talk about negative gearing seems like quite a nice deduction, ofcourse no reason to invest to make a loss but still a nice cashflow tool for investors, I never knew that when you make a loss and claim the deduction you are only delaying the process...