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Methinks we will have to agree to disagree. I see no reason why individuals should be treated any differently to companies from a tax point of view and this includes having the same tax rate regardless of how much they earn. If everyone was paying 30% flat income tax regardless of income would...

Sorry but both of these are plain wrong. If BHP borrows to buy shares in company X and BHP's borrowing costs exceed the dividend payout from that company, then they get to offset this loss against their other income prior to paying any tax. Likewise if BHP borrowed to buy property and the...

The government can and does do it all around this great country of ours through the provision of public housing. The fact that pretty much all governments are doing their level best to reduce new public housing investment speaks volumes for how profitable they feel the investment is for them...

They're not subsidising either. NG is only allowed when there is a "reasonable expectation of a gain over the life of the investment". If you aren't going to make a gain in future and hence pay tax on the gain, then you don't get to write off annual losses against other taxable income in the...

An interesting end game to post on a property investment forum. This is the social engineering I disagree with. Reduced rents is not an end in itself, nor particularly desirable. We just end up with a lot more empty houses due to the increased supply. Hired Goon and Yield Matters can...

This is I think at the core of our disagreement. Not fair or equitable for whom? People who rent? I think we can all agree that without NG, or a >$8bn public housing program, then renting would be much more expensive. So a reduction in NG would raise rents on precisely the people who...

Hate to be pedantic but in most jurisdictions patents last only 20 years. I know quite a few open cut mines with longer lives. Don't get me started on the usefulness of the vast majority of patents in my industry... If we have the cheapest and most reliable mines around, why shouldn't we...

I completely disagree LAA - providing shelter has nothing to do with it! This conversation strikes me as increasingly superfluous. Not only do you want to change the tax system for properties but also every other investment as well! I suggest you seriously consider talking to your MP to...

Completely disagree. Negative gearing on food companies effects the capitalisation of food companies and hence food prices. NG on clothing companies likewise effects clothes prices. I assume these are just as important as property? In just the same way NG on resi property effects rents...

Excuse me? In any other investment class losses can be offset against personal income. If I leverage 90% into shares in company x (instead of an IP) and it pays no dividend, then I can claim the interest expense on the loans against personal income, negative gearing just like an IP. No...

Hi Dazz No worries - just a terminology problem related to the word "control". To me I control my assets whereas in your earlier post you control your equity. Therefore to me the higher the LVR the more assets I "control". Fully agree with everything you said - leverage is a wonderful...

Not sure I follow the maths here - I assume you mean that at a 25% LVR you are only controlling a quarter of what you could be? 75% would be three quarters wouldn't it? Anyway, totally agree with the message - full exposure to the market as well as lack of exposure to the market both...