Grappler Deep State Feller wrote on Apr 25^th, 2015 at 12:52am:

Exactly! The worst part of the CGT concessions is that money earned by doing little more than signing a few documents is taxed at only half the rate of an equivalent sum of money earned through hard work. It is grossly unfair and has to be abolished.

John Smith wrote on Apr 25^th, 2015 at 8:11am:


The people who see an opportunity to make a profit or who are forced to - same as now.

Abolition of all the tax havens will create short term pain for some, that is inevitable, but the blame for that lies squarely at the feet of governments rampant who developed these policy ideas based on the self-serving lobbying of those who can afford to lobby etc.  Same as super changes needed right now, the small fish, caught in the net as by-product, will be considered as nothing more than the cost of doing business by the big fish, who will suffer far less in real terms.

That's why changes should be retrospective, a form of RICO law... like super, this approach obviously benefited those who would benefit most - the Crony Network at play.

Slumlord, better keep to sucking Pecker's pecker. Basic accounting just aint your thing.

Bam wrote on Apr 25^th, 2015 at 8:14am:
have you ever worked for a living in your life? Seriously? You think people make money by "signing docuements" ? Some of you people are in fairy land.

rhino wrote on Apr 25^th, 2015 at 3:07pm:

If you had ever bought and sold real estate, you would know that making profit from real estate is little more than paperwork at purchase, do nothing for a few years while it appreciates in value, then more paperwork on sale. No hard work involved at all.

Getting the deposit may require hard work and savings, but this is not essential. More paperwork can do this by borrowing the deposit against the value of existing assets.

Do you really think those people who own 100 investment properties did this by working and saving for every one of them? 

John Smith wrote on Apr 25^th, 2015 at 10:02pm:

If the property is rented out - most are - the rent provides the bulk of the funds for the repayments and maintenance. In any case, I am referring to the purchase and sale of the property, an act that of itself doesn't entail any great amount of hard work.

Maintenance and repayments are largely irrelevant to capital gains tax concessions. That's why the assertion that people work is specious. The funds for the hard work could be put to other uses as well - but most of those other uses are not as generous for taxation purposes. You are both also assuming that everyone with an investment property has a job. That assertion is false.

What you really need to look at is the unfair taxation arrangement that allows capital gains to be taxed at half the marginal rate. It is unfair because all deductions against the property are claimed at their full value, including any investment losses.

This taxation treatment is contributing to the overheating of the property market, more so than negative gearing.

John Smith wrote on Apr 25^th, 2015 at 10:02pm:


They had to know that before they went into it - however - that is not 'work' as such, and does not mean they should get preferential treatment.

Do you think that anyone taking on a job does not accept the downside of working for it?

Nope - sorry - I see no case for special treatment, and this sense of entitlement for doing some alleged hard yards is long overdue for the scrap heap.  EVERYONE does it hard -  but only a few get preferential treatment.

They are not doing it for love of anyone else - ergo - tough titties.

You no like - you no buy.

Grendel wrote on Apr 28^th, 2015 at 11:16am:

If it happens, it wouldn't be the first time a political party hasn't followed through on a commitment.