Path: csiph.com!fu-berlin.de!uni-berlin.de!individual.net!not-for-mail From: "Rod Speed" Newsgroups: aus.politics,misc.invest.misc,misc.consumers.house,talk.politics.guns,sac.politics,alt.home.repair Subject: Re: Australia to ban foreigners from buying some homes as costs soar Date: Tue, 18 Feb 2025 13:25:53 +1100 Lines: 50 Message-ID: References: Mime-Version: 1.0 Content-Type: text/plain; charset=utf-8; format=flowed; delsp=yes Content-Transfer-Encoding: Quoted-Printable X-Trace: individual.net 8O1uIkx/Vs4EGUK3CD+sRQey8ucOTUJNQDZkbbA4sQyYaks9E= Cancel-Lock: sha1:AkoIs6uPyDBBY4/b+oGSXt16nBM= sha256:PDVupIt+k4aMs0rvTgw3WD8zGLPj7TyGNU7m3TG6h3I= User-Agent: Opera Mail/1.0 (Win32) Xref: csiph.com aus.politics:752043 misc.invest.misc:14875 misc.consumers.house:5156 talk.politics.guns:1708547 sac.politics:213642 alt.home.repair:990535 Petzl wrote > Rod Speed wrote >> Petzl wrote >>> Rod Speed wrote >>>>>> Similar happening in this country. A developer put up 200 new = >>>>>> houses >>>>>> and half were bought by investment firms. They will rent them ou= t = >>>>>> and >>>>>> are driving up rental prices. >>>>> Price of housing and rents can be controlled (lowered) by raising = the >>>>> "Capital Gains tax" on negative gearing. >>>> There is no capital gains tax on negative gearing. >>>> There is JUST a lower capital gains tax on longer financial = >>>> investments >>>> and its there because its impossible to separate real capital gain = = >>>> from >>>> inflation of that financial investment. Nothing to do with negative= >>>> gearing. >>> >>> https://t.ly/K4997 >>> Capital Gains Tax Calculator =E2=80=93 Know How Much Should You Pay >>> Are you thinking of selling a home or property? You have to pay >>> Capital Gains Tax (CGT) on the sale based on your taxable income. >>> This CGT applies in Australia whenever you sell an investment >>> property, shares, or other assets at a profit. But it doesn=E2=80=99= t apply to >>> most personal property and items, such as your car or family home. >> Says absolutely NOTHING about NEGATIVE GEARING > It explains what Capital gains, one will pay on selling a > negative geared property It applys to selling ANY property, not just negative geared property, = fuckwit.