10 Smart Strategies for Growing Your Wealth: Strategy 8 Many of you will be familiar with this case study because at Newealth we discuss and recommend such a solution when looking for ways to expand a clients assets. Strategy eight is all about using borrowed money to build wealth and in the process getting part of your interest costs reimbursed by the Australian Taxation Office. This concept is called negative gearing. Neutral or positive gearing is where the cleint does not receive a refund. Note, negative gearing is also permissible in Canada and New Zealand but the taxation and finance regulation systems do not permit it to take place on such a large scale as in Australia. WARNING, all the case studies are examples only and are not intended to be comprehensive or to constitute advice which is why you need to call me to discuss the relevance of the strategy to your particular circumstances. At Newealth we are always looking to innovate and improve our ongoing services wherever possible and if you have any ideas or comments, please feel free to email me via ‘Contact Us’ at www.newealth.com.au or to call me on +61 2 9267 2322.
30th-November-2009 | 
