Would a Labor government mean an end to negative gearing and a reduction in CGT discount?, page-83

  1. 6,581 Posts.
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    Hi Glug ,
    Is it really 4 years since the last election?
    I disagree with your views on negative gearing.
    If I borrow to invest , the costs of that borrowing are a legitimate cost , whatever I am investing in.
    The problem arises at the other end, where my capital gains are not taxed as income.

    So , I will say , just like last time , leave negative gearing alone , change cgt back to taxing real [after inflation] gains as normal income.
    ie , the original Keating cgt .
    Most of the incentives to abuse the system disappear with that simple change.
    cheers
 
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