Originally Posted by
biscuit
I don't understand the relevance of that comment. From my point of view, I have several unmortaged properties paying me income. The Government gets a good slice of that and I think they should be satisfied with what they get! If the properties go up in value, I would be pissed off to have to pay tax on unrealised gain. If they only tax realised gain, that is inherently unfair and it produces a distortion that may influence my investment decisions. We all know that there are distortions in the system, but there are better ways to specifically address those issues.