It's been a tenent of income and business tax law since day dot that expenses can be offset against income to ascertain profit or loss. Including finance costs, repairs and maintenance, insurance and rates, and depreciation etc.
PPOR is cgt free and not assessed for pensioners asset test so plenty of scope for wealth creation there.
The big flaw in current rules is the cgt discount imo.
Put it back to full tax and leave it at that.
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