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15 Mar 2019 ALP policies (again)

MEMBER 37 writes: 

The lack of detail surrounding the ALP tax policies is a huge cause for concern. For instance, if the carry forward of unused investment losses can only be used to offset capital gains, that is incredibly draconian as it effectively converts properly incurred deductions to capital losses. This of course reduces the value of the deductions (both from a time value of money perspective and due to the CGT discount). It’s not hard to see that this distortion could have a real world effect on matters like rental property maintenance and repairs or more substantial renovation if the after tax cost of doing things for the benefit of tenants becomes even more expensive.  That surely can’t be what is intended. 

At the very least, unused investment losses should be able to be able to be carried forward to use against future investment income.

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