Bill shorten poised to take negative gearing.

Discussion in 'Property Market Economics' started by Barny, 12th Feb, 2016.

Join Australia's most dynamic and respected property investment community
Page 18 of 18
  1. Zoolander

    Zoolander Well-Known Member

    Joined:
    15th Dec, 2016
    Posts:
    668
    Location:
    Sydney
    New apartments have the most mouthwatering depreciations which play a big role in that negative gearing. The best losses are the ones on the paper not in my wallet, after all.

    In seriousness though, it'll be odd for negative gearing to be banned based new vs existing within the same asset type. Like trying to apply different tax rules to bank shares vs telco shares.
     
    Zoolander, 18th Apr, 2017
    #341
  2. neK

    neK Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,842
    Location:
    Sydney
    Working in finance it really annoys me with all these grandfather / exception rules. It seriously makes something simple extremely complex.

    I'd rather see negative gearing changed so that it can only be offset against other investment income and any unused income losses are carried forward or simply lost.
     
    neK, 18th Apr, 2017
    #342
  3. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    I agree. That is Labors exact policy though. Google Labor affordable housing and you can read all about it. That said, the policy will be revised before the next election. It was not well thought through.
     
    Perthguy, 19th Apr, 2017
    #343
Page 18 of 18