Example , i buy three properties of $450,000 each in ten years all of them are now $600,000 each. i quit my job , zero income and sell the three properties , i pay $45k in tax due to 50% discount in cgt. Or do nothing, being the highest bracket i pay $105k each year for 10 years is $1,050,000 in taxes . Negative gearing has saved me $1,005,000
- Forums
- Political Debate
- How would you improve the Australian tax system?
Example , i buy three properties of $450,000 each in ten years...
- There are more pages in this discussion • 83 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
RDN
RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
Dusko Ljubojevic
MD
SPONSORED BY The Market Online