Labor announce the end of negative gearing on all property except "new"

Viewing 8 posts - 1 through 8 (of 8 total)

DeanCollins
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February 15, 2016 - 7:59 am
lol Turnbull must be laughing his ass off this weekend and thought no way he could win another term after the nbn fiasco
– https://www.facebook.com/LivePoliticalChat/posts/1031779536893160
Nigel Kibel
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February 15, 2016 - 10:08 am
Labor have no judgement they will not get in
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chuck
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February 18, 2016 - 10:17 pm
I think that this is a great strategy to put a pin in the real estate bubble. Would be very interesting to see what happens then!
Benny
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February 19, 2016 - 6:44 pm
Hi Chuck,
I think that this is a great strategy to put a pin in the real estate bubble. Would be very interesting to see what happens then!
To find out what happens, simply go “Back to the Future” circa 1984-86. Labor did the same thing back then, and turned the whole rental market on its head. It amazes me that they would want to “try again”….. but maybe they have forgotten the lesson that was taught at that time.
Benny
Nigel Kibel
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February 20, 2016 - 6:55 pm
What this is about is trying to deal with a shortfall in revenue. The problem is that they will also hit super as well. The end result will e that less people put money away for there future. So this means that if you think we have a revenue problem now it is nothing compared to what it will be in 15 years time.
Typical politicians taking a short term fix rather than a long term solution. clearly we have no politicians with long term vision
Nigel Kibel | Property Know How
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posout
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February 22, 2016 - 11:30 am
What happened in the 80s Chuck?
Corey Batt
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February 22, 2016 - 12:05 pm
I’m personally not a fan of creating market distortions – which different tax treatments of properties based on new/old. This would create a new bubble for OTP/house and land.
Unfortunately no party has looked at creating a long term sustainable system, instead putting bandaids over the existing cracks in the system created by previous interventions.
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Jon
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March 13, 2016 - 6:37 pm
Government revenue from stamp duty will fall in they take away negative gearing. Less property changing hands will mean much less stamp duty pouring into the government.