Quote Originally Posted by Bjauck View Post
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Perhaps some rental owners always have a high percentage mortgage so that that their rental properties seldom turn a net profit, whilst racking up leveraged capital gains? Maybe the ring fencing is aiming at that scenario.
No idea what the ring fencing policy is aimed at, apart from jam today for government coffers and not tomorrow.

But if the reason is as you suggest this government doesn't have a clue about how some assets work. Surprised, not surprised.

There will be a few grumpy people after next April when they find that selling their one rental means their rental losses for the year have gone poof!