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

Not worth my vote. Put the major parties last. My children will...

First 11 Last

Share
Profile

Follow
kickst@rter

2,988 Posts.

258

16/05/22

15:53

Post #: 61435456
Share

Originally posted by billybongo: ↑

I see advantages in taking $50k out of your super an placed into a family home ....

1. The $50k grows in value as the property value increases over the long time frame.

2. Selling your primary place of residence draws no tax. So the gain is tax free.

3. Thats $50k less in your super having your fund take a percentage of.

4. The home owner now saves on rent.

5. If a potential 1st home buyer has low super they can boost it with voluntary contributions and save on income tax also accelerating their ability to save for their home.

6. They will not lose 40% of the property profits in the event of a sale as they would under the Labor scheme.

7. ALMOST FORGOT! No interest on that $50k needing to be paid to the bank.

Expand

Not worth my vote. Put the major parties last. My children will never be able to buy their own home.
TAX reduction is the only solution. Federal government should pay land taxes for anyone who is buying their first home (owner occupier or investor).
1 Upvote

Reply

There are more pages in this discussion • 29 more messages in this thread...

First 11 Last