We accept that the Reserve Bank were not modelling the Federal Opposition’s policy – but this memo clearly flags that changing negative gearing would impact rents.
This could equate to an extra $50 per week in the investor’s pocket, showing the value of claiming depreciation correctly.
The opportunity arises when the owners of the best properties feel they have to sell.
Should family homes valued above $2M pay CGT?
It won't cost an investor a cent to claim deductions correctly as even the cost of a depreciation schedule is 100% tax deductible.
It is important to know the differences between the two, as there may be implications for capital gains tax, income tax and GST.
Victoria and Queensland believe a 51% top tax rate is fairer than increasing the GST.
Case study: for $35 per week, you could own an investment property too.
ALP considers the idea of a minimum tax rate of 35 cents the dollar for anybody earning over $300,000.
We need to modernise our taxation system, says Treasurer, echoing the sentiments of the property industry.
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