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CGT back in play?, page-36

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Tarvold

19,064 Posts.

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23/04/24

14:44

Post #: 73477980
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Originally posted by boomeronrations: ↑

I am afraid that google , or was it bing , has led you astray Rattie.
Negative gearing was abolished for a short period of time by Hawke/Keating
Then Labor bottled it because rents went up in western Sydney , mainly , which threatened a few marginals , and probably unrelated to the change.
They then just went back to the previous system which had been there for decades.
But at least they had a realistic cgt system in place after that.

Your plan above would not make much of a dent in the amount of properties negatively geared, and there are better ways of increasing housing supply and retirement incomes than pumping money , yet again , into the profits of the housing sector.
You still have the problem of people investing in old houses , neutrally geared , because cgt is 50% of tax on income from elswhere.
cheers

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Australia is never going to be able to build it's way out of the housing affordability issue.
More focus needs to be applied to the demand side.
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