Here’s how a Labor win would affect your property investments | THINK TANK

No one likes paying more tax.

With the odds shortening for a Shorten government it’s important for real estate investors to understand how a Labor win could affect their property investments. Land Tax

Did you know you’ll have to pay up to 6 extra taxes if Labor comes to power?

Now I recognise that I have to pay my fair share of tax, and in fact I do, but I recently realised that if Bill Shorten becomes our next Prime Minister millions of Australians will have to pay higher taxes.

And he’s not just after “greedy property investors.”

If Labor has its way Australians will be amongst the highest taxed people in the world.

Watch this 20 minute Think Tank as Ken Raiss and I discuss some of the tax hikes the Labor Party is proposing

Here are some of the tax hikes the Labor Party is proposing
  1. The top tax rate would rise to 49%
  2. A higher tax on capital gains
  3. Limiting Negative Gearing
  4. Retiree tax
  5. Taxing distributions from discretionary trusts
  6. Superannuation changes
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Michael Yardney

About

Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


'Here’s how a Labor win would affect your property investments | THINK TANK' have 2 comments

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    March 31, 2019 steve weingarth

    Thanks Michael and Ken.the podcast on Labor’s plan to increase various taxes should go to all political parties and groups supporting seniors. No wonder people and “mum and dad”average income investors are sick of long standing policies on property taxes like capital gains and negative gearing being dramatically changed. How can you plan to invest in property and provide rental homes with now slowing capital gains and higher taxes on these when you sell,as proposed. This will kill the housing market for those investing to fund retirement and reduce the need for the pension and to help people get a home to rent. The resulting housing shortage and end of negative gearing will push rents up, hurting average families,including Labor voters. Investors in housing can’t afford to do this when rents don’t meet interest payments and other holding costs unless the shortfall is tax deductible, but this negative gearing is to be eliminated except on new investment homes. It time to consider all these negative impacts -not just the increased tax revenue from the proposed changes that a new government would reap.

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