John Howard has spoken out about negativ

John Howard has spoken out about negative gearing policy – fuelled by the coming federal election – was not giving enough airtime to its removal in 1985.
“When negative gearing was removed by then treasurer Paul Keating in 1985, it was quietly brought back in the 1987 budget,” he said.
“The debate needs to focus on that piece of field evidence because the experiment with negative gearing was widely regarded as a failure. That’s more important than glossy economists’ reports.”
Mr Howard stressed that the affordability of rental property is a critical element of the debate.
“As a society, we should always be conscious of the less fortunate who could be affected.“We shouldn’t be interfering with something that has been a principle of our taxation system for a very long time,” he said.
“When negative gearing was restored in 1987, the justification was that [the] capital gains tax had been introduced, but the capital gains tax had been introduced when negative gearing was suspended.”
Mr Howard indicated he believed the high cost of housing is largely a result of the forces of supply and demand – the product of poor planning and decisions by state governments and local councils, rather than the taxation system.
“Overall, the negative gearing debate is a triviality in terms of the real issues influencing housing affordability and home ownership,” he said. http://ow.ly/fO1x300sYFs

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Removing the Hassle from Sales and Rentals across South East Queensland. Aim to Empower other like minded Property Investors. L J Gilland Real Estate is a prestigious boutique agency specializing in Property Investment Management Services and the Sales of Investment Properties with tenants in place. Comprised of a top performing group of handpicked specialists, our Agents proudly serve Property Investors in Queensland. Since 1996 our Agency has demonstrated a genuine enjoyment of working with people, developing long-term relationships and delivering on the promise of great service. Carlos and Linda Debello offer property investor's the confidence to sell and lease in any market. We provide comprehensive market appraisals, exclusive multimedia marketing campaigns, and knowledgeable, highly personalized counsel on all aspects of real estate. Our Property Management Team is equally considerate, offering investors with in-depth advise, well-researched rental valuations, and highly professional rental management services. http://goanimate.com/movie/0M4bvcZzgIbI?utm_source=linkshare&uid=0u6RGtWsmlVc Carlos’ direct mobiles are 0400 833 800 & 0413560808. Linda’s mobiles are 0409995578 & 0414978700 (prefer email contact for Linda). Office 07 3263 6085. http://www.ljgrealestate.com.au http://www.yellowpages.com.au/qld/aspley/lj-gilland-real-estate-pty-ltd-14091356-listing.html http://au.linkedin.com/in/lindajanedebello http://twitter.com/GillandDebello http://www.facebook.com/pages/ljgrealestate
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