Search results

  1. roe

    Negative Gearing on chopping block

    I think stamp duties will go in the future and will be replaced with a more reliable income stream like double/triple land tax ... this is a sure thing, as long as you hold properties you pay these tax without depending on properties boom to bring in the revenue. I think ACT has start going...
  2. roe

    Negative Gearing on chopping block

    I believe NG term is referring to someone offsetting an investment loss with PAYG salary (be it properties, shares or other asset) Running a business, pay interest on cost of debt, deduct and offset loss from one business to another isn't consider NG and this will stay on... What they...
  3. roe

    Negative Gearing on chopping block

    From what I understand, you can booked all that but you cant claim against your salary, if it came out at a loss you record that loss carry forward until such time you sell your properties and offset that loss...what is left is your CG Loss can be carry forward for many years. All...
  4. roe

    Negative Gearing on chopping block

    They not reducing house price, they design policy to reduce government expenditure on subside investors....if house price drop as a result of this, then house piece was over price in the first place because this sort of policy distort price and it's not true market value... If you are a...
  5. roe

    Negative Gearing on chopping block

    You never know if you never try, but going by other countries stats that do not have negative gear, rent is in line with wage ... you cant charge what your renter cant pay unless you want them to default on your rent and you go through the process of evicting them or they do damage to your...
  6. roe

    Negative Gearing on chopping block

    I favour any law that give less benefits to investors, myself included. Investors already got money, no need to give them a helping hand. put the money in public education and health and help older Aussies who cant get by. No double tax but no hand out either to investors...
Back
Top