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It would would probably bring in negative cashflows for the government, because if they decided to tax capital gains on the family home, then they would have to allow deductions eg loan interest, maintenance, insurance, capital expenditures on things like pools etcSuddenly we all have a huge list of personal expenses that can now be used to offset tax, basically letting us negative gear the family home.
It would would probably bring in negative cashflows for the government, because if they decided to tax capital gains on the family home, then they would have to allow deductions eg loan interest, maintenance, insurance, capital expenditures on things like pools etc
Suddenly we all have a huge list of personal expenses that can now be used to offset tax, basically letting us negative gear the family home.
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