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No it wouldnt be a good idea. For one it would make every home...

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lispingduck

7,180 Posts.

26/02/18

17:30

Post #: 31355446
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Originally posted by Hawketrader ↑

If you are going to introduce CGT to private residence then all cost associated with maintaining and holding that residence should be tax deductible also that residence should qualify for depreciation deductions over its lifetime just as investment properties are.
It could be a good idea if you work it properly.

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No it wouldnt be a good idea. For one it would make every home owner tax return filing at the end of the year more complicated.
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