Property Investment – Political Football?

Cloud house of tax concept on blue skyResidential property investment is going to be a political football during 2016, right up to the election and then beyond, according to an article in the Property Observer recently.

The author Jonathan Chancellor suggests that both major parties seem intent to end the longstanding negative gearing arrangements that have been in place since the Hawke/Keating Government days.

The opposition has also signalled it intends changing the capital gains tax benefits that have been their since the Howard-Costello government, ie halving from 50 per cent to 25 per cent the capital gains tax deduction for investors who sell a property after holding it for at least 12 months.

Read the full article here.. Residential property investment is going to be a political football during 2016, right up to the election and then beyond.

About Gai Kroczek

Gai is the Owner/Manager of Total Care Property Management together with Bernie Kroczek of Bernie Kroczek Real Estate. Gai has been in Real Estate for over 20 years and runs a professional Property Management team utilising the latest technology to assist owners in maximising their investment while also assisting tenants.

Gai is also the web designer and maintains all the office technology keeping abreast of all the many changes and implementing them to make sure our owners get the best possible service.

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