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I very much doubt Albanese negatively geared his property so the...

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Tarvold

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25/09/24

19:23

Post #: 75838641
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Originally posted by chappy58: ↑

Also talk of halving CGT concessions from 50% to 25%Something is happening as to why Albanese is selling one of his properties, get the most while he can.

Some regards you could call this insider trading, as a lot on here know too well with the share market when someone sells out knowingly an announcement is intermit then the prices drop.

News story just out,

Anthony Albanese is called out for his OWN $2.2million investment property act - even as he considers major change to negative gearing
Anthony Albanese evicted his own tenant in May
His government could be looking at axing negative gearing
READ MORE:Labor government looking at major tax change
Anthony Albanesehas been blasted by the Coalition for potentially considering axing negative gearing for property investors, even as his own $2.2million investment property goes on the market.
The Labor government has reportedly asked Treasury for advice on possible changes to tax exemptions for landlords, including modelling on the economic repercussions of phasing out the concessions.
Negative gearing policies allow property investors to claim tax deductions when the costs of owning and maintaining the property, such as loan interest and maintenance expenses, exceeds the rental income.

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I very much doubt Albanese negatively geared his property so the link is BS.
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