Property Development

[z4RRSchris]

main home you get tax breaks.

[bigbaddom]

Yes thanks
But you only pay tax on it as a venture if you make money

Zero profit zero tax

I thought from the msgs previously you were implying people didn't make a profit - well that's how I interpreted it.

[z4RRSchris]

people generally make a profit because of the market, not the quick lick and stick on the house.

[bigbaddom]

Ok fair point

I would like to think in the 2 houses I have lived in I had added about 20% in value but maybe I am deluded.