Last one from me - I have to go and earn some assessable income...

Last one from me - I have to go and earn some assessable income :)

On the CGT side of things property is treated like shares too.

If we hold them for > 12 months we pay tax at our marginal rate on 50% of the gain - property and shares are treated the same.

It is a 'rort 'in my view that we get subsidised to make 'losses 'on shares and property by a full write off on our taxable income and only pay tax on 50% of the gains.

BUT...if they are the rules, we play by them and use them to our advantage even if we don't agree with the philosophy.

Essentially shares and property are treated the same (except depreciation) under the ITAA. If it is a rort to do it for property it is a rort for shares too.

In the 'old days 'before CGT provisions I can tell you that people negatively geared and generally paid NO TAX on capital gain - that was a real rort :)

Remember the old saying, it is only a rort if you are not involved.

That is all from me :)

Good luck to all