negative gearing follows tax principles in that you incur a valid expense that is a requirement of earning assessable income
for example, a business may run at a loss for some years before it becomes cash flow positive. negative gearing, although over a much longer term, follows this principle
imo, CGT discount should be abolished plus foreign ownership of property
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- house interest should be tax deductible
house interest should be tax deductible, page-22
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