Negative Gearing is a feature of Australian taxation where losses from real estate or share investments can be offset against assessable income.
In simple terms, the difference between rent, and interest and maintenance fees for investment property can be claimed as a deduction on your income tax. As a result, many individuals are heavily geared into investment properties in Australia. This could be a major cause of poor housing affordability in Australia.
Do other countries have such a system ? If yes which countries and how does it work there?