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  1. #21
    Join Date
    Jun 2005
    Location
    auckland New Zealand
    Posts
    5,236

    Default

    The market has in fact slowed down.
    True but Oz is still rocking.
    CAPITAL GROWTH IN THE 3 MONTHS TO MARCH 1 2008
    Canberra 5.52%
    Adelaide 6.22%
    Darwin 6.67%
    Brisbane 7.47%

  2. #22
    Join Date
    Jan 2005
    Location
    Auckland
    Posts
    1,530

    Default

    The trouble with capital gain information is that it's historical. One doesn't drive one's car forward by looking through the rear vision mirror.
    Julian
    Gimme $20k. You will receive some well packaged generic advice that will put you on the road to riches beyond your wildest dreams ...yeah right!

  3. #23
    Join Date
    Nov 2003
    Location
    melbourne
    Posts
    361

    Default The problem with capital gains information

    Is that in a weekly or even a quartly figure it is not acurate. These figures are based on Mediun prices so they can be effected by what is selling during the period. I have seem suburbs where one quarter a lot of properties sell for $600,000 and the next quarter a lot sell in the $400,000. When you are looking at thoses ires it would show a fall in prices or an increase if it was the other way around. However it does not mean that he individual prices have either decreased or increased.

    Frankly as an educator Dean should know better than to quote short term capital growth figures. Do not get me wrong the Melbourne market is great and there is no doubt that the market has had great growth in the last 12 months. I also think the next few years will also be very good because rental demand is so high. All I am saying is that Mediun price figures can be dececeptive.

  4. #24
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    14,739

    Default

    Quote Originally Posted by Glen View Post
    Why not?

    Do you not pay tax on other profits of business?
    To call CGT a profit is quite a stretch.

    Quote Originally Posted by Glen View Post
    Don't sell would be one solution.
    Indeed.
    Quote Originally Posted by Glen View Post
    Maybe this thread should be moved to the Aussie section anyway?
    Done.
    With all the Draconian new laws for residential rental LLs, perhaps AirBnB would be better? To avoid any hassle in Hawke's Bay, consult Be My Hostess. Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  5. #25

    Default

    its not just in Australia but in US also. Congressional Republicans have been found to have gotten a report by the Congressional Research Service hidden as it opposes main Republican philosophical tenets. The report found that decreasing top tax rates and capital gains taxes do not fuel economic development as much as income inequality.

  6. #26

    Default

    CGT operates by having net gains treated as taxable income in the tax year. If an asset is held for at least 1 year then any gain is first discounted by 50% for individual taxpayers, or by 33.3% for superannuation funds. Net losses in a tax year may be carried forward, but not offset against income.


 

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