Scrap it for everyone.
Shares and property.
All investments should be on merit, not tax advantage.
Having said that, capital gains tax should also be abolished.
No claims on investments, but no tax either.
Cannot see anything fairer than that. No records to keep. No taxman involvement.
You decide how to invest, and in what, and for how long. Total control, and responsibility, on the individual.
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Why Negative Gearing should be scrapped, page-6
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