Jacob Fenech

Okay.

Great.

That's cool.

I like it.

So just quickly on that though, I would just say maybe if I take my student hat off for a second and just chuck on my business hat, you still need to spend money to make the deduction.

So don't go and cripple your business just because you can get a tax deduction if you think, oh, I could get a car for $30,000 and you can't afford the car.

yeah be realistic like it sounds great to have a tax deduction but if a thirty thousand dollars is all of the cash that you have in the bank for your business maybe just maybe it might not be right for you right now so um cool good one mate that's i really like that one for small business

I mean, just writing down, you can only claim the interest component of the repayment, which is really important for a lot of folks.

I feel like, I don't know, just my gut feel, like I feel like a lot of these properties, people might, if interest rates do slow the growth of investment properties, the prices of properties, a lot of these might come to market and they might be sold off.

In which case, if you do sell an investment property for a capital gain,

I'm guessing that goes into your tax return.

And if you hold it for more than 12 months, you're paying the capital gains tax on half of that.

Is that right?

Completely.

Oh, damn it.

Okay, let's go to the next one.

Let's go to the next one.

I'm just going to ask you one question.

Can you give us an example of what the 50% deduction is?

Because I think some people may be a little bit confused around what am I getting this 50% reduction on?