Investors with 10 or more properties to their name have more debt than smaller-scale investors but use negative gearing and capital gains discounts to keep buying, tax office data shows.

And as the article says - this data is only from individual tax returns. It doesn’t cover companies.

  • TBi@lemmy.worldEnglish
    2·
    18 days ago

    I have no issue with 2. But they have to live in it for part of the year. If someone wants a summer home that they earn after working hard then why deny them.

    However any more houses should be taxed at a rate that makes them untenable.