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Labor Party irks industry group

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Your Investment Property | 25 Jan 2019, 11:37 AM Agree 0
The Real Estate Institute of Australia raised eyebrows as the future of negative gearing changes remains a mystery
  • PI2019 | 29 Jan 2019, 10:39 AM Agree 0
    The Labor position on negative gearing has not changed by this reported statement. Bowen is on record saying that the changes will come into effect on 1 July 2019 and that is after the coming Federal election.
  • David Manteit | 02 Feb 2019, 05:18 PM Agree 0
    1) Kill Bill the Dill before his taxes kill you. Can people start to refer to the new tax as 75% Capital Gains Tax ? So any gain you have in the future will need to go in your tax return at 75%. 2) Kill Bill says that only
    Anaesthetists and Finance Managers are the only ones buying investment properties. Then he says that for the first time in 2013 that
    there are more properties bought for investment than owner occupied. So Kill Bill the Dill thinks that 51% of all properties are bought by
    Finance Managers and Anaesthetists. What a Dill he is. Kill Bill's also says that any negative gearing lossses can be offset against the final capital gain. What a hyde to predict there will be a final capital gain !!!! Kill Bill's SLUTS (Shorten Labor Ugly Taxes) will get everyone.
    Did you know that negative gearing stoppage. is not just on property but shares, managed trusts, Artworks ...........ANY ASSET.
    3) Discretionary Trust to be 30% taxed. Kill Bill says there are 718,000 Discreationary Trusts.Do all the family buisinesses know this ?
    4) Franking credits. Yes retirees with SMSFs will lose all their refunds. Did you know that any person in Australia who has under $37,000
    and a fully franked dividend will lose. Its not just retiress. Its anyone with under $37,000, because $37000 is the tax bracket for over 30 cents. David Manteit 0424739923. Kill Bills SLUTS !
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