they missed out negative gearing, page-5

negative gearing is a concession granted by the govt because it is contrary to the principles of taxation law

under taxation law, one can only claim a revenue deduction for the purpose of earning assessable income

however, as a negatively geared property cannot earn a profit, it can only be determined the purpose of the negative gearing for capital gain

therefore, under taxation principles, it is correct that the interest expense on an investment rental property be included in the CGT cost base

however, the govt has decided to give a special concession for negative gearing

this is why negative gearing is not allowable in many countries

it is contrary to taxation law & principles

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