Posts Tagged ‘negative gearing’

Negative Gearing reform proposals much needed

Thursday, April 21st, 2011

Today it has leaked that the Gillard Govt is sounding out the possibilities for reforming the detested negative gearing: THE Gillard government has sounded out unions over steps to cool Australia’s housing market, with measures that range from a new sales tax for investors sitting on large property portfolios, to curbing the popular strategy of [...]

Out of Reach – housing forum

Wednesday, March 26th, 2008

Last night saw SBS’s excellent Insight program tackle housing affordability under the title Out of Reach. Over 270 comments have been posted since the event, giving warrant to the excellent comparing host Jenny Brockie does each week. As probably the fourth panel type forum seen on non-commercial TV over the last year, this one was [...]

Landlords claim a $3 billion subsidy

Wednesday, March 19th, 2008

Negative Gearing provides cream for nation’s wealthiest Our topsy turvy tax system sees commentators claiming: “In most businesses, losing money is frowned on. In this one, however, it has become the spirit of the game, with landlords writing off their claimed losses against tax, and effectively using the savings to subsidise their property investment.” So [...]