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.
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.