Whose buying? Investors or PPOR's

[balwoges]

Comment in todays SMH Letters to the Editor page

'Most property purchases now are for investors or for tax avoidance reasons'

True or not?

 

[jerrybee]

Comment in todays SMH Letters to the Editor page

'Most property purchases now are for investors or for tax avoidance reasons'

True or not?

I can't imagine the amount of people buying just to reduce tax is big. And even if it were true, by definition it could only be done by a small part of the population anyway (well it could be done by anyone but the benefits are really disproportionate).

 

[Blacky]

'Most property purchases now are for investors or for tax avoidance reasons'

True or not?

False - every investor knows its illegal to avoid tax.

Reduce tax however... possible.

However, Im pretty sure that investors make up only something like 10-20% of the total market.

Blacky

 

[Rixter]

As mentioned, Tax avoidance is illegal..tax minimisation is another story but investing is not about minimising tax. Its about building wealth. All the associate benefits are cream on the cake.

 

[JDP1]

As mentioned, Tax avoidance is illegal..tax minimisation is another story but investing is not about minimising tax. Its about building wealth. All the associate benefits are cream on the cake.

Might just be nomenclature here.

I remember my law professor at uni telling us that tax avoidance (ie minimisation) is good, but tax evasion equals bubba as flatmate!!!
Lol