Interest and costs payments on any business venture should be deductable period. It is a fundamental business survival reality...Take this away and business will simply fold..the investment property sector will be a minor problem compared to the disaster that would unfold in the business sector...
Anyone who thinks by taking away investment incentive is a good thing has rocks in there head or probably never been self employed and works for the government...
How does our screwed up government collect tax??? From business....How does business grow? through investment... But then I wouldn't expect the labor government to understand this...maybe if I drew some pictures!
