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UniversalTrader

19,290 Posts.

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26/09/24

20:21

Post #: 75859876
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Originally posted by SonicBlast: ↑

Negative Gearing & Capital Gains Tax should only apply to new housing.
All forms of Tax % should be posted with the Budgret for the coming period.
Basically there is nothing wrong with the Incentives but having flat rates is debilitating. If the rates or time can be adjusted in The Budget for the following years it will provide certainty to Investors and unable to be rorted.

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And changing it won't magically make significantly more investors turn building new homes. Not worth the problems of building or the higher property costs.
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