Dutton: "Labor's always wanted to end negative gearing, which would be a disaster for people who are saving for a rental property"
Holy shit. #leadersdebate
Holy shit. #leadersdebate
Comments
Stunning shit.
If it went away, they'd have to divest their portfolios.
https://www.lowelippmann.com.au/tax-alert-labor-s-proposed-changes-to-negative-gearing-the-capital-gains-discount
Ivory towers
Lol
Is there any way to read this statement other than as nonsense?
Trying to find a policy rationale within Dutton's utterances is like panning for gold in a sewer.
But did any mainstream media cover this quote?
I don't care if it's mum & dad or an investor with a gazillion properties, all they want is $$$ over the right to shelter and amenity for all
Why are their income streams more important than someone who wants to actually live in a house and make it a home?
I will now call him The Tax Agent.
Would stop property flipping assist longer leases
These days, second incomes are for mortgages and even then.
AtO says 1 mil Aussies negatively gear out of 26 mil.
Neg Gearing and CGT on Houses should be readjusted and Air BnB and Stayz etc should be taxed/treated/insured as motels, hotels, resorts etc.
So, loads of people are positively geared? Or that 1 million have way more than one investment.
Actually, parliamentary register of interest is fascinating reading.
Hence no reform.
I remember meeting a lady who was buying her commission house in rural Victoria. A weatherboard falling apart that was now her problem on pension.
https://www.abc.net.au/news/2024-10-16/how-many-properties-do-australian-federal-politicians-own/104476596
@albomp.bsky.social was handed the one off opportunity with a sea of red mainland States, to address the urgent structural issues. He refused to do so.
Unforgivable. Can’t be trusted to do the right thing.