Academics and Tax

Domain have sought academic modelling of tax changes surrounding neg gearing and reduced CGT discounts

Negative gearing reforms could save $1.7 billion without hurting poorer investors

Its not Government modelling but is done by academics. But indicates other matters the ALP could consider if they made Government.

 

I believe its on the cards.

Next question if they dont draft it properly resi held in a unit trust with units on issue may be a way to get around it.

 

Normally the media take aim at greedy property investors buying up properties as first home buyers are disadvantaged.

I had to laugh today when the media took aim at first home buyers in regional vic areas as they were buying up a lot of the stock under $600k as they don't have to pay stamp duty now and this was disadvantaging renters as there was less stock available for renters.

I guess they have to write about something, but there will be always some group disadvantaged by certain actions.

 

They could limit taxpayer total deductions. Unit trusts could also fail as trustee or taxpayer could have deductions restricted.

 

And they could also restrict it to residential rather than CIP as it is only the rich who can buy commercial.

 

Not always. Many dont look.