Tag: overseas
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Are the scare tactics regarding Labor’s housing policy too much?
Labor’s policy certainly moves in the direction of reducing the appeal of tax breaks for future investors who purchase established properties. It does so by removing the ability for new investors to claim losses on their rental properties as an offset to their taxable income, known as “negative gearing”. It also halves the tax discount on…
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Importing cars from overseas in 2018
The Australian car industry is set to flip upside down in 2018 after an announcement from Minister of Major Projects, Paul Fletcher. Not only will local car manufacturing be put to an end but also consumers will now be able to import a car or motorbike from overseas. Some conditions apply as the vehicle must…