.kja
2.8K posts
@ryu_tay He may be right but I'm seeing weakness even in family friendly areas.
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Was interviewed today as part of this CGT segment, said a lot more than this obviously haha
Investors warn funding could go offshore under contentious tax changes
youtu.be/LtRmhotuG1w
YouTube
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@Larryjamieson_ @yolaplace She was so prepared lol. Made him look absolutely retarded
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@LeeRespecter This interviewer is much better than any other mainstream journalist
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"... If it is a cake shop, a cake from a cake shop that has sales tax, and it's decorated and has candles as you say, that attracts sales tax, then of course we scrap the sales tax, before the GST is..."
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My prediction?
These guys will be very wrong.
Sure, rents might rise 30% nominally over the next 5+ years, depending on incomes and inflation.
But no sudden spike. And in fact, I expect a softer rental market over the next year or two.
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"Australia’s major telcos say they will have no choice but to hike the prices of their mobile plans even further after the government announced it would charge more than $7.3 billion for Telstra, Optus, TPG Telecom and NBN Co to access the radio waves used for mobile phone calls." - AFR
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@matt_barrie @ausstockchick It also double counts
Eg if income taxes are 0 then there's no further hit to the budget from negative gearing
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@ausstockchick problem with the calculator is it doesn't model increases in economic activity from lowering taxes
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Can you do better with the budget?
Try it.
#auspol
aus-budget.vercel.app
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@matt_barrie @Paul_Karp He also pays 0% tax on his vc profits and leeches another 10% via the refundable tax offset. A special carveout in our tax laws
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@Paul_Karp didn't he make his initial money in the US working for microsoft
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‘Go live in Trumpistan’: Investor blasts rich peers over CGT complaints
afr.com//technology/mo…
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@MichaelPascoe01 Bit rich from a vc that pays 0 tax?
Both domestic and foreign investors in a registered ESVCLP are generally exempt from income tax on their share of returns (capital and revenue profits). Investors also receive a non-refundable 10% tax offset on their capital invested.
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You have to wade through more of the usual whinging but it's worth it to get to Daniel Petre:
‘Move to Trumpistan then:’ Investor blasts his rich peers for tax greed afr.com/technology/mov…
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Good. It means the budget policies are working. Housing should serve people, not speculation.
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@LouiChristopher @PeteWargent I think it will lag
I think bigger short term factor could be build up of sales s4ock on market which removes properties from both OO and rental
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@PeteWargent To actual rents, maybe. But advertised rents? I think they will happen quickly.
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Recall those stories last week about landlords yelling they will immediately lift the rent as a result of the property tax changes?
Well tomorrow morning by 9am we might see if that has in any way happened.
Tomorrow morning, our advertised rents index is updated - the first update since budget night.
sqmresearch.com.au/property
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So the workaround for the negative gearing changes is simply to acquire the residential property in a company or fixed (unit) trust.
Borrow the money to buy the shares/units.
The company/trust makes a profit on the rental as it has no debt and it pays the profit to you.
You claim an interest deduction on the account you borrowed to buy the shares or units (against the trust distribution/dividend)
You’ve negatively geared shares/units. Which is and always has been a deduction.
I assume most already figured this out.
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@rylo75039344 @ausnotes Being a net taxpayer means you are not a leaner by definition
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@ausnotes @DavidBassanese There's so many loopholes
If I found a startup, can I capitalise it with 100m in unpaid share capital? Or borrow 100m from friends to capitalise, then loan that back to the friends post capitalisation?
When I sell, that 100m gets indexed so I will make a paper loss?
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@DavidBassanese That's the most ridiculous rationale. Could just ensure treatment is always clear. Even with the new rules you can negatively gear on property with companies. Entities exist for more than tax purposes.
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Treasury argues without similar treat of CGT across all assets "an investor could access the CGT discount for an investment property by purchasing it through a company and later sell the company.” Why not just ban company purchases or change CGT treatment in these cases?
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@MarkoMatvikov Ah yes instead of a 25% small business flat tax.. we have either 25%.. 30%.. rollover eligibility, 50% exemptions, 30% tax if from a trust, indexing your capital on balance sheet post a certain date.
Complete joke
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The biggest winners from this federal budget are tax accountants.
Because the rules are no less complex and offer no less incentive to minimise your tax.
7NEWS Sydney@7NewsSydney
Anthony Albanese’s Budget has become the most unpopular since the Paul Keating era, with new polling showing collapsing support for major parties and growing voter frustration over broken promises and cost-of-living pressures.
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@eadatt @ShitValueFund The name itself is fraudulent. It's not an insurance scheme at all
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10% of 5-7 year old boys in Australia are on the NDIS (national disability) 😱
Private diagnostic groups charging $5k to be applicable for 'funding for life'
There is a huge problem with over-medicalisation in Australia
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Tell me one good reason why an off-the-plan apartment investor should be taxed at half the rate of someone who builds a business at their own risk, employing dozens over 5-10y?
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@MarkoMatvikov @therealrukshan That's right. There's a big difference between 2nd and 3rd generation and 1st generation.
Victim mentality also plays a part
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This guy literally sounds like most of my Indian and Asian friends.
They’re proud of their ethnicity - but staunchly Aussie.
It’s mostly white people I know who can’t seem to accept it.
Rukshan Fernando@therealrukshan
Ronil is a great Australian. 🇦🇺🇦🇺🇦🇺
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@Potstirrer111 @alexbhturnbull Depreciation paper loss whilst cost of building (replacement values) is going up. As a sparky you would know about cost of copper, pvc piping etc. Absolutely lovely. And then my gains are indexed for rampant inflation. Albo hes our man ! Big W!
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@hTLbLiNk @alexbhturnbull Boasting about losing money via negative gearing when you’ll no longer get capital gains is a big L
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Labor has cut the head of the investor snake.
After listening and reading heaps from investors on podcasters ect in the last week there’s a divergence now between investors saying they’ll move to new builds (which increases supply and puts downward pressure on prices)
and investors that will buy existing stock even though they haven’t eat 20k in losses a year with no negative gearing. AND hope that not enough new stock comes online from the other investors
So Labor has pitted investors against each other and it’s absolutely great to see it playing out in real time
Sydney YIMBY@SydneyYIMBY
We should build more homes in Sydney so investors here also complain about weak price growth.
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