Tax

Concern is mounting that aggressive tax changes are driving foreign buyers from Australia’s property markets.

A significant portion of the country’s top economists thinks capital gains tax concessions for property investors should be scrapped.

A new tax that will hit owners who leave properties vacant is the latest in a suite of measures the Victorian State Government is introducing to combat housing affordability.

As a property investor, you don’t want to be paying unnecessary taxes that chip away at your bottom line.

There are calls on the newly formed Coalition Government to cut capital gains tax (CGT) breaks on property sales to help fix the budget deficit.

The Federal Government released its tax discussion White Paper this week, and one South Australian lender says it’s a good opportunity to discuss how the tax system is impacting on housing supply and demand.

The Property Council has again called for the abolition of stamp duty amid heightened national debate about housing affordability.

Tax reform will be firmly on the new Turnbull Government’s agenda to grow the economy, and Shelter WA will be lobbying for changes to negative gearing.

There are two main reasons people invest in a negatively geared property. Firstly, to save on tax, and secondly to generate an investment that will provide capital gain down the track.