Thread: Random Politics
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Old 1st March 2019, 09:11     #4766
Juju
get to da choppa
 
Quote:
Originally Posted by CCS
And if it's not mortgage free? Then the rent earnings go to the mortgage. Also, the rent earnings get taxed.
My argument was in response to Ab's vacate the house & reap capital gains situation.

The gubbernment announced the rental home insulation mandate in 2016. If someone bought an un-insulated property for investment purposes after that time, then it's all on them. They should be getting no sympathy.

If someone already had an un-insulated investment property before 2016, then there property already has gained a solid 10% in capital gains and a solid $50 per week in rent increases since 2016, so as DrT said.. extend the mortgage.
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