the inconvenient truth about tax

.... is that property speculation is the number one economic evil in Australia.

Interest costs are written off against current income, building/fit-out costs are written off against current income, and then you get a whopping 50% discount on the capital gain. Effective tax rate of 15% perhaps?

All Ozzies own Sydney Harbour but few of us see a social dividend from the 20 year boom in Sydney property.

Think about it