Investors with 10 or more properties to their name have more debt than smaller-scale investors but use negative gearing and capital gains discounts to keep buying, tax office data shows.
And as the article says - this data is only from individual tax returns. It doesn’t cover companies.
Taxing tends to even that out. Increasing the % for every property over ppr.
Of the multifacets there are two bigguns: the cash cow of investment properties and tax breaks, and developer landbanking and artificial restriction of supply on new builds.
Removed by mod
Taxing tends to even that out. Increasing the % for every property over ppr.
Of the multifacets there are two bigguns: the cash cow of investment properties and tax breaks, and developer landbanking and artificial restriction of supply on new builds.
Tax the shit out of both of these.