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Stuart, does your analysis only take into account the one property over 20 years? Is it still advantageous if the person keeps refinancing to buy more, as most of us do? Alex

Are you expecting the properties to be negatively geared? If so, are you ok with the fact that tax losses in a family trust (including depreciation) cannot be distributed and would have to be rolled over in the trust? The preferential tax treatment, as you call them, mainly relate to being...