Vince Scully
👤 SpeakerAppearances Over Time
Podcast Appearances
So if you franking credit for your tax rates less than 30%, like retirees or self-paying super funds or super funds generally, you'd get it back in cash.
Whereas these ones are not refundable.
So subtle difference.
If you're buying something over the 75 limit, you're going to, instead of an
But a normal combustion engine is going to be 20% FBT.
This will be 25% off that being 15, presumably, or 16.
So presumably that 20% FBT becomes-
16?
25% of 20 is 5.
15%.
It's 5.
Right.
It's a bit late on budget date.
But remember, if you've got a $500,000 property, this is potentially a $4,000 tax hit.
This is a big deal.
Oh, yeah.
And if you couple that with the treasury modelling that says house price is going to grow 2% less, the economics of buying a negative year property is now… Not as sexy as it used to be.
It sort of makes a knockdown rebuild a very attractive option though, because you get the benefits.
Yeah, but you benefit about being in an established area.
Yeah, that's true.