Normal
If you benefit from it then it's understandable that you want to keep it.But looking at it from the point of view of a government housing policy, the justification for it was to encourage investment in NEW housing and provide more affordable housing by increasing supply.As a housing policy it has clearly failed , being that Australian housing is one of the world's most unaffordable and the policy costs the taxpayers billions of dollars a year which could be invested by governments into affordable housing.So clearly as a housing policy it's a dog and is now just another way for a certain class of investors to reduce their taxable income and get a discount on capital gains tax as well.In other words, an upper middle class tax rort.
If you benefit from it then it's understandable that you want to keep it.
But looking at it from the point of view of a government housing policy, the justification for it was to encourage investment in NEW housing and provide more affordable housing by increasing supply.
As a housing policy it has clearly failed , being that Australian housing is one of the world's most unaffordable and the policy costs the taxpayers billions of dollars a year which could be invested by governments into affordable housing.
So clearly as a housing policy it's a dog and is now just another way for a certain class of investors to reduce their taxable income and get a discount on capital gains tax as well.
In other words, an upper middle class tax rort.
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