Australian taxpayers may be subsidising short-term investment properties like Airbnb to the tune of $550 million annually.

Click PLAY to  hear about the tax deductions.

Maiy Azize, spokesperson for Everybody’s Home, told Perth Live host Oliver Peterson that in light of the current rental crisis, tax deductions should instead be geared towards long-term rentals.

“Restrict tax deductions like negative gearing to investors who have a tenant in there for more than three months,” she said.

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