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Negative gearing top tax break
Negative gearing top tax break - Trends
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The family home - and the odd family investment property - both look safe from the Henry tax review, after the Treasurer yesterday went close to ruling out any changes to the negative gearing system. Wayne Swan has already rejected reports that the Henry review would propose putting a wealth tax on expensive homes. The real estate industry has voiced concern about tinkering with negative gearing, which allows investors to claim interest expenses on rental properties. The Treasurer stopped short of saying there would be no changes to the system. ''I'm not going to impinge on matters that may be the purview of the ...
wrote at the time in Business Spectator that ‘flee’ was too strong a word for what was happening – housing lending was continuing to fall in both number and value terms, but investors were continuing to borrow strongly and prop up the market. However, he did suggest that a price plateau in housing looked likely. Now, with one more month’s data to hand, what’s strange is how quiet the major papers have gone on the genuinely alarming falls in home lending. Bullish economists may have hoped that the temporary drop off in first home buyers— created by the bringing ... Read More
SURVEY RESULTS FOR
NEGATIVE GEARING TOP TAX BREAK
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