Australia's largest stock trading and investment forum Australia's #1 stock forum

You have just summed up your piss poor understanding of the tax...

First 50 Last

Share
Profile

Follow
UniversalTrader

19,798 Posts.

56

23/04/24

18:13

Post #: 73482242
Share

Originally posted by Scott th Ratbag: ↑

Neg Gearing was set up to encourage private investment in property a) as a savings measure for retirement under the Hawke plan to reduce the demand on the aged pension, and b) to stimulate the flat market in rentals which were effected by the strong Housing Comm ownership.

now, when the market is so obviously distorted, it makes sense to adjust NG to meet the demands of today.

CGT is only a fair tax at the full rate. Howard backed off the tax giving a "discount" which has become permanent due to pressure from investors which included many in his own party and supporters.

both tax measures are truly out of date. way too generous for todays inflation and tight rental market. if its a tool for encouraging investment which benefits the nation instead of only investors

over the decades we had some people gaining massive wealth growth due to interest only loans at very low interest and piling mortgage on mortgages as collateral until the "investor" really owns nothing but rakes in rental money and pays no tax. i.e. its been rorted excessively to the detriment of the nation.

imo NG should be available but only on new buildings and a limit of 1 or 2 older investment properties as part of a retirement savings plan.

Expand

You have just summed up your piss poor understanding of the tax system along with large sprinkles of envy
5 Upvote

Reply

Top Stories

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

HotCopper Highlights: Your most watched stocks for Week 46, 2024

First 50 Last

You have just summed up your piss poor understanding of the tax...

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Cyclone signs MOU with Vale for development of Iron Bear play

Banshee's historic trenches prove rich in antimony and gold for GDM

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

HotCopper Highlights: Your most watched stocks for Week 46, 2024

Featured News

Featured News

You have just summed up your piss poor understanding of the tax...

Top Stories

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Cyclone signs MOU with Vale for development of Iron Bear play

Banshee's historic trenches prove rich in antimony and gold for GDM

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

HotCopper Highlights: Your most watched stocks for Week 46, 2024

Featured News

Featured News