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Negative Gearing on chopping block
No. That what everyone thinks now. Back then it has little to no impact of rents or prices (Sydney rent rose marginally). Reality was 6 mths later Keating introduced CGT. That caused investors to trigger sales to get their tax free out.- Paul@PFI
- Post #105
- Forum: Accounting and Tax
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Negative Gearing on chopping block
Thats not true. Keating overreacted and reverted the laws within just 6 months due to industry pressure. Rents only marginally rose in Sydney. Nowhere else. Lots of annecdotal stories fly around that rents surged. They didnt. Some landlords tried. It wouldnt be hard to impose rules that limit...- Paul@PFI
- Post #49
- Forum: Accounting and Tax
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Negative Gearing on chopping block
Not exactly a source to cite. No news here. Move on. The Libs have been very quiet about the content of the forthcoming budget. Far quieter than Gillard and Swan who virtually released everything before every budget. The news we have been told is : - No changes to GST rate. (SA election...- Paul@PFI
- Post #5
- Forum: Accounting and Tax
