So Andrew Little is the latest to have a crack at property investors, and while I personally think Labour don't have a snowballs chance in hell of getting elected, as I fall into the general category it's got me thinking.....
http://www.stuff.co.nz/national/poli...e-tax-loophole
Is it really small time property investors who are driving up prices in the housing market?
If not investing in property, what else should people be putting their money into? (Blue chip finance springs to mind...)
Are the tax rebates of reportedly $150m a year that bad?
Given the $1-2k tax rebate per year on the average rental, could the gubbermint own, manage and maintain a house for someone to rent for the same money, or would the taxpayer end up footing the bill for the difference?
The government (and seemingly the current opposition) want more houses built, will removing negative gearing increase or decrease the number of houses being built?
Following on from the above, if the desire is for more houses then why was the tax rebate for depreciation of new rental houses scrapped, given that the accumulated depreciation was taxable when the house was sold?
Express away........
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