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Hey Grattan Report writers….. can i have some of that weed you are smoking??
“Negative gearers need to keep switching properties to stop annual rent increases eating into their tax losses”.
Must be some seriously primo stuff if you really think that increases in rental income is a bad thing and that investors happily pay stamp duty coming in AND exit costs (brokers fees etc) getting out all because “rental income eats away tax gearing”
More codswallop located over at
– http://www.smh.com.au/business/federal-budget/federal-budget-2016-top-earners-benefit-most-from-negative-gearing-grattan-institute-finds-20160425-goeef5#ixzz46wI2Iiuc
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