Australian Politics Forum - Peter Dutton's $30million property portfolio

lee

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Re: Peter Dutton's $30million property portfolio
Reply #15 - Feb 27^th, 2025 at 6:39pm

Sir lastnail wrote on Feb 27^th, 2025 at 6:33pm:

Well then by that time it has gone up even more in value !!

It depends on the start date and end date. And all those receipts that need to be kept. It might only be 12 months worth of CGT on the ownership period. It doesn't include claims you made on the rental property expenses. Roll Eyes

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freediver

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Re: Peter Dutton's $30million property portfolio
Reply #16 - Feb 27^th, 2025 at 7:16pm

Sir lastnail wrote on Feb 27^th, 2025 at 4:57pm:

freediver wrote on Feb 27^th, 2025 at 4:32pm:

Sir lastnail wrote on Feb 27^th, 2025 at 3:22pm:

freediver wrote on Feb 27^th, 2025 at 2:22pm:

Quote:

Peter Dutton has reportedly made $30million of property transactions over 35 years

That does not mean he has a $30m portfolio. The dailymail is clickbaiting you.

Read what you just quoted. It said transactions over 35 years not the accumulation of 26 properties.

The point being that he would have used generous tax concessions that owner occupiers don't get !!

Read it for yourself:

Quote:

Peter Dutton's $30million property portfolio

Clickbait for the gullible. That you fell for. And reposted here.

Owner occupiers get far better tax treatment than investors.

For starters, an investor has to pay tax on any rental income they get. As an owner-occupier, the money you save on rent is a tax-free benefit of owning the house. Second, investors have to pay capital gains tax. Owner-occupiers do not, even if they essentially make it their full time job to renovate an old house. The tax environment is heavily skewed in favour of owner-occupiers. That's why Australians tend to over-invest in their own homes, and why our homes are far larger, better and more expensive than in just about any other country on earth.

Surely your dreaming !

Do owner occupiers get to write off interest payments and rennovations/repairs against an alternate income stream ??

No. But you are completely missing the point. If you are not paying CGT and not paying tax on the rental savings, then you have no declarable income to claim it against. It is still a beneficial treatment. Not having to pay tax is a whole lot better than getting to deduct your expenses before you pay tax. It is not possible for owner occupiers to be worse off, because you cannot claim expenses in excess of your profit. Would you prefer that owner occupiers had to pay CGT and another tax to reflect their rental savings, but got to deduct any mortgage interest payments first?

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Sir lastnail

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Re: Peter Dutton's $30million property portfolio
Reply #17 - Feb 27^th, 2025 at 8:33pm

freediver wrote on Feb 27^th, 2025 at 7:16pm:

Sir lastnail wrote on Feb 27^th, 2025 at 4:57pm:

freediver wrote on Feb 27^th, 2025 at 4:32pm:

Sir lastnail wrote on Feb 27^th, 2025 at 3:22pm:

freediver wrote on Feb 27^th, 2025 at 2:22pm:

Quote:

Peter Dutton has reportedly made $30million of property transactions over 35 years

That does not mean he has a $30m portfolio. The dailymail is clickbaiting you.

Read what you just quoted. It said transactions over 35 years not the accumulation of 26 properties.

The point being that he would have used generous tax concessions that owner occupiers don't get !!

Read it for yourself:

Quote:

Peter Dutton's $30million property portfolio

Clickbait for the gullible. That you fell for. And reposted here.

Owner occupiers get far better tax treatment than investors.

For starters, an investor has to pay tax on any rental income they get. As an owner-occupier, the money you save on rent is a tax-free benefit of owning the house. Second, investors have to pay capital gains tax. Owner-occupiers do not, even if they essentially make it their full time job to renovate an old house. The tax environment is heavily skewed in favour of owner-occupiers. That's why Australians tend to over-invest in their own homes, and why our homes are far larger, better and more expensive than in just about any other country on earth.

Surely your dreaming !

Do owner occupiers get to write off interest payments and rennovations/repairs against an alternate income stream ??

No. But you are completely missing the point. If you are not paying CGT and not paying tax on the rental savings, then you have no declarable income to claim it against. It is still a beneficial treatment. Not having to pay tax is a whole lot better than getting to deduct your expenses before you pay tax. It is not possible for owner occupiers to be worse off, because you cannot claim expenses in excess of your profit. Would you prefer that owner occupiers had to pay CGT and another tax to reflect their rental savings, but got to deduct any mortgage interest payments first?

Not according to Dutton. He is 6 million better off compared to an owner occupier living in the same home that they are paying off over a 30 year period Wink

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Baronvonrort Gold Member Online Australian Politics Posts: 18923 Gender:	Re: Peter Dutton's $30million property portfolio Reply #18 - Feb 27^th, 2025 at 10:31pm Dutton started flipping houses with his father who is a builder before he entered politics. AnAl grew up in taxpayer funded public housing and still lives in taxpayer funded public housing while renting his properties. Are AnAls properties negatively geared?
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Baronvonrort Gold Member Online Australian Politics Posts: 18923 Gender:	Re: Peter Dutton's $30million property portfolio Reply #19 - Feb 27^th, 2025 at 10:36pm Labor politicians shouldn't throw mud when it comes to property ownership
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freediver

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Re: Peter Dutton's $30million property portfolio
Reply #20 - Mar 1^st, 2025 at 9:43am

Sir lastnail wrote on Feb 27^th, 2025 at 8:33pm:

freediver wrote on Feb 27^th, 2025 at 7:16pm:

Sir lastnail wrote on Feb 27^th, 2025 at 4:57pm:

freediver wrote on Feb 27^th, 2025 at 4:32pm:

Sir lastnail wrote on Feb 27^th, 2025 at 3:22pm:

freediver wrote on Feb 27^th, 2025 at 2:22pm:

Quote:

Peter Dutton has reportedly made $30million of property transactions over 35 years

That does not mean he has a $30m portfolio. The dailymail is clickbaiting you.

Read what you just quoted. It said transactions over 35 years not the accumulation of 26 properties.

The point being that he would have used generous tax concessions that owner occupiers don't get !!

Read it for yourself:

Quote:

Peter Dutton's $30million property portfolio

Clickbait for the gullible. That you fell for. And reposted here.

Owner occupiers get far better tax treatment than investors.

For starters, an investor has to pay tax on any rental income they get. As an owner-occupier, the money you save on rent is a tax-free benefit of owning the house. Second, investors have to pay capital gains tax. Owner-occupiers do not, even if they essentially make it their full time job to renovate an old house. The tax environment is heavily skewed in favour of owner-occupiers. That's why Australians tend to over-invest in their own homes, and why our homes are far larger, better and more expensive than in just about any other country on earth.

Surely your dreaming !

Do owner occupiers get to write off interest payments and rennovations/repairs against an alternate income stream ??

No. But you are completely missing the point. If you are not paying CGT and not paying tax on the rental savings, then you have no declarable income to claim it against. It is still a beneficial treatment. Not having to pay tax is a whole lot better than getting to deduct your expenses before you pay tax. It is not possible for owner occupiers to be worse off, because you cannot claim expenses in excess of your profit. Would you prefer that owner occupiers had to pay CGT and another tax to reflect their rental savings, but got to deduct any mortgage interest payments first?

Not according to Dutton. He is 6 million better off compared to an owner occupier living in the same home that they are paying off over a 30 year period Wink

Can you quote him?

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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