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  1. P

    Negative Gearing on chopping block

    Look at residential property as an example. An owner occupier pays no capital gains tax in their main residence. An individual investor, partners and some trusts get a 50% capital gainst tax discount. There are also CGT small business concessions. Others, such as companies, pay full capital...
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    Negative Gearing on chopping block

    NRAS rent assistance Government housing NGO housing services I agree that access to housing is a basic human right. There is a lot more we could do. e.g. it water speculated by a water provider in 2012 that 6% of homes in melbourne were vacant. At a guess, this could be as many as 90,730...
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    Negative Gearing on chopping block

    Land tax in WA seems relatively cheap. Stamp duty on the other hand... :mad:
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    Negative Gearing on chopping block

    I also think that for most invidual investors, the CGT discount is going to be worth a lot more in dollar terms than NG. If I bought a $500,000 house on a 105% loan @ 5% = $26,250 interest per annum. Rates, water rates, insurance etc would be around $5k per year, bumping the cost to around...
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    Negative Gearing on chopping block

    Wouldn't the capital gains tax discount distort the market to a much greater extent than negative gearing? NG supposedly costs the tax system $2-$4 billion per annum. NGers lost $13 billion last year. Whereas the capital gains tax discount (100% for main residence and 50% for investors) cost...
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