Originally Posted by
elZorro
NBT, surely you can see that these types of transactions are at the cheap end of the scale. When someone who has a few million dollars of borrowing - because they have an income sufficient to pay the interest, and had say a 20% deposit with some other security - and makes an inflation-topping several million dollars of untaxed capital gain in just a few years, with minor risk to the downside, now that's creaming the other taxpayers. It would take quite a few cashies (which are noticeable by dockets which exclude the use of the word GST or tax invoice usually) to make up for that.