That's based on people selling their properties at a profit , if they it sold it at a loss or break even then they couldn't claim the interest and other charges against anything. Of course I forgot property prices always go up and that's the world we believe we live in. Personally I say scrap it , why encourage people to get into an investment that is making a negative return - even if it is set up that way from a tax structure perspective. I'm just a bit surprised the saving is only one billion , government needs to find bigger items to pick a fight over.
