Industry WIKI

Negative gearing is a financial leverage strategy whereby an investor borrows money to acquire an income-producing investment, knowing that the gross income generated by the investment (at least in the short term) will be less than the cost of owning and managing the investment, including depreciation and interest charged on the loan (but excluding capital repayments).

The Office of Tax Simplification was an independent office of HM Treasury, part of the Government of the United Kingdom. The office was created on 20 July 2010 to identify complexities in the tax system burdensome to both businesses and individual taxpayers in order to recommend their reduction. The office was tasked with publishing its findings for the Chancellor of the Exchequer to con