Distribution of tax benefits from negative gearing in 2018-19, across income deciles and sex

Source: Independent analysis by the Parliamentary Budget Office commissioned by the Greens

Notes: (a) ‘Negative gearing’ refers to a situation where investment-related deductions exceed the total value of investment related income (a ‘net investment loss’). (b) Deciles are based on all individuals who have lodged a personal income tax return, irrespective of their net tax amount. (c) Tax benefits from negative gearing have been rounded to the nearest $10 million. (d) These tax benefits represent the amount of tax that would have been collected if individuals could not reduce their taxable income by making investment-property related deductions