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Consider negative gearing: This is a tax break given to investors who do not live in the house. Eliminating this tax break would be beneficial to people who wan
by MarkMc 9y ago
Consider negative gearing: This is a tax break given to investors who do not live in the house. Eliminating this tax break would be beneficial to people who want to buy a house to live in because they would suddenly be competing with fewer investors.
More generally, harmonising the tax rates between real estate and other asset classes would also lead to more efficient allocation of resources, benefitting everyone.