.... 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
- Forums
- ASX - General
- the inconvenient truth about tax
.... is that property speculation is the number one economic...
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)