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Thread: Election 2017

  1. #3491

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    But why won't landlords build top quality units with chandaliers , and fountains in the front yard , and rent them out for $150 a week to beneficiaries ?

  2. #3492
    amante's Avatar AF Jedi Pro Membership
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    Capital Gains Tax is another thing that will just raise rents. They should be encouraging long term landlords. Sure have a claw back on selling rental properties that are held for less than 10 years and give more security of tenure to tenants. Lets face it there are a lot of people that will not be able to buy their own homes. Would weed out the short term speculators.

    If Labour seriously wants to bridge the gap between the poor and the wealthy then raise taxes on incomes over $100,000 per year to say 40 cents in the dollar and at the same time increase the tax on Trusts to the same 40% for people that want to re channel their income through a trust.

    But then again they probably wouldn't since a large part of their following is as much from the "academics" on big Government salaries as it is from those on under $50k per year.

    Capital gains tax is as much a hot potato to Labour as increasing the retirement age. They tried that once and got crucified.

  3. #3493

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    Quote Originally Posted by amante View Post
    Capital Gains Tax is another thing that will just raise rents. They should be encouraging long term landlords. Sure have a claw back on selling rental properties that are held for less than 10 years and give more security of tenure to tenants. Lets face it there are a lot of people that will not be able to buy their own homes. Would weed out the short term speculators. .........
    We already have it, and have done for decades. The Brightline Test was introduced to provide some clarity around who was an investor, and who was a speculator. The CGT itself was already there.

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