Should the family home be included in the pension assets and income test?
May 4th 2014, 9:21 am
#16
Daffyd Duck
Joined: Jul 2008
Location: Paradise
Posts: 5,636
Re: Should the family home be included in the pension assets and income test?
no.
there should be a tax for unused bedrooms when you turn 70.
there should be a tax for unused bedrooms when you turn 70.
May 4th 2014, 10:09 am
#17
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Should the family home be included in the pension assets and income test?
It's in Tone's Tame Tax Team report for aged care support - along with lots of other nasty sh*t.
http://www.abc.net.au/news/2014-05-0...rnment/5423556
My reading is if the government tries to implement half of this, they won't have a hope of a second term. The question would rather be, will they get lynched.
Its slash and burn stuff.
http://www.abc.net.au/news/2014-05-0...rnment/5423556
My reading is if the government tries to implement half of this, they won't have a hope of a second term. The question would rather be, will they get lynched.
Its slash and burn stuff.
May 4th 2014, 8:04 pm
#18
Forum Regular
Joined: Apr 2013
Location: .
Posts: 235
Re: Should the family home be included in the pension assets and income test?
And suddenly we will have a nation of boarding houses --likely all booked out for the foreseeable future--and running at a loss.
I see a tax lurk coming on
And why limit this to the over 70's ??---seriously.
And as for the promoters of reverse mortgages (while I'm here)--great in theory but are you aware of the rapacious cost of this exercise ?
I am having been there once already and were I to be forced to go there again I would sell up as I suspect would many others and either rent , with all that this entails or buy into a property (one of the over 50's complexes perhaps) where the tax would not apply.
This should however be great for bringing the cost of property down across the board.
Still keen ?
I see a tax lurk coming on
And why limit this to the over 70's ??---seriously.
And as for the promoters of reverse mortgages (while I'm here)--great in theory but are you aware of the rapacious cost of this exercise ?
I am having been there once already and were I to be forced to go there again I would sell up as I suspect would many others and either rent , with all that this entails or buy into a property (one of the over 50's complexes perhaps) where the tax would not apply.
This should however be great for bringing the cost of property down across the board.
Still keen ?
Last edited by BASHO; May 4th 2014 at 8:40 pm. Reason: additions
May 5th 2014, 11:02 am
#20
BE Forum Addict
Joined: Dec 2003
Location: Gold Coast Hinterland
Posts: 2,359
