still trying the old cut and paste to misquote people
It's a direct verbatim quote, no misquoting...
"Well.. there are a number of reasons to buy a PPoR...
In Australia, any capital gains are 100% tax free... this is a major reason to buy.... it locks you into a rung on the property ladder... consider it insurance."
Any? Really? So you're saying there's no circumstance where a PPOR sale could incur tax? Want to bet?
"Well.. there are a number of reasons to buy a PPoR...
In Australia, any capital gains are 100% tax free... this is a major reason to buy.... it locks you into a rung on the property ladder... consider it insurance."
Any? Really? So you're saying there's no circumstance where a PPOR sale could incur tax? Want to bet?
So you are now claiming that your original quote was verbatium of my post ....
"there are a number of reasons to buy a PPoR... In Australia, any capital gains are 100% tax free the sale of your PPoR is tax free"
is verbatium to
"Well.. there are a number of reasons to buy a PPoR...
In Australia, any capital gains are 100% tax free... this is a major reason to buy.... it locks you into a rung on the property ladder... consider it insurance."
Gee.. they look different to me.. context is everything... still, that does not stop you from cutting and pasting to fit your game.
I was speaking of CGT... as indicated by my saying capital gains tax earlier in the post
We have not even discussed the word 'any' which opens a door for me to a completely different word definition game you play... Unlike yourself who said "Sure, but it always provides a nice rental yield to make up for it."... you locked yourself into 'always'... oh dear
So you are now claiming that your original quote was verbatium of my post ....
I'm saying this is a verbatim quote...
"Well.. there are a number of reasons to buy a PPoR...
In Australia, any capital gains are 100% tax free... this is a major reason to buy.... it locks you into a rung on the property ladder... consider it insurance."
Any? Really? So you're saying there's no circumstance where a PPOR could incur capital gains tax? Want to bet?
"Well.. there are a number of reasons to buy a PPoR...
In Australia, any capital gains are 100% tax free... this is a major reason to buy.... it locks you into a rung on the property ladder... consider it insurance."
Any? Really? So you're saying there's no circumstance where a PPOR could incur capital gains tax? Want to bet?
Right, so you admit the 1st attempt was not a direct quote... good.
Now, I have asked you to cite the circumstance where the person asking the question was up for their PPOR sale required CGT on it.
I would not consider a situation where the PPOR ceases to become your PPOR as these situations breach the PPOR status by their nature...
Lets assume you are going to cite the > 2 Ha land limit as your example ... fair enough.. there is CGT paid on the sale of part of the land that is not the 2Ha of the PPOR... I would be honest enough to admit that I had not considered that possibility when answering the OP's question as there was no indication he/she was thinking >2Ha in their OP.
I could play shady word games and play with the definition of the word 'any'... after all, 'any' can mean a lot of things... however, I will not do what you do.
See.. it's easy to be honest instead of smug and trying to cover up mistakes... you should try it sometime.
So tell me again... were you wrong when you claimed that property would always yield a return ? I can think of numerous examples where it might not....
fair enough.. there is CGT paid on the sale of part of the land that is not the 2Ha of the PPOR... I would be honest enough to admit that I had not considered that possibility when answering the OP's question as there was no indication he/she was thinking >2Ha in their OP.
So 'any' is no longer any... there are some situations where people might have to pay CGT on a PPOR... eh?
Right, so the 'any' claim was just another inflated claim.
Thanks for clarifying.
By the way - other situations include when the PPOR was previously used as an IP, or when the PPOR was used to run a home-based business with deductible expenses.
So 'any' is no longer any... there are some situations where people might have to pay CGT on a PPOR... eh?
Right, so the 'any' claim was just another inflated claim.
Thanks for clarifying.
By the way - other situations include when the PPOR was previously used as an IP, or when the PPOR was used to run a home-based business with deductible expenses.
'any' is always any... always was, always will be.
'always' is also still always... although you are not able to admit your failure.
As for your cited examples... 1) well it is not a PPOR for the entire time then, is it and 2) it's an IP or a business related property, not just a PPOR. (I bet you did not even know of the 2Ha rule).
Except for when the PPOR was once an IP, or when the PPOR was used to run a business, then it's no longer the case that 'any capital gains are 100% tax free' ... right?
Right, so you admit the 1st attempt was not a direct quote... good.
Now, I have asked you to cite the circumstance where the person asking the question was up for their PPOR sale required CGT on it.
I would not consider a situation where the PPOR ceases to become your PPOR as these situations breach the PPOR status by their nature...
Lets assume you are going to cite the > 2 Ha land limit as your example ... fair enough.. there is CGT paid on the sale of part of the land that is not the 2Ha of the PPOR... I would be honest enough to admit that I had not considered that possibility when answering the OP's question as there was no indication he/she was thinking >2Ha in their OP.
I could play shady word games and play with the definition of the word 'any'... after all, 'any' can mean a lot of things... however, I will not do what you do.
See.. it's easy to be honest instead of smug and trying to cover up mistakes... you should try it sometime.
So tell me again... were you wrong when you claimed that property would always yield a return ? I can think of numerous examples where it might not....
Yet again you have revealed yourself to be a grade one hypocrite - a pedantic hypocrite.
You persistently apply childish schoolkid pedantry to pick fault with others' statements whilst wriggling and writhing when similar levels of pedantry are applied to your own imperfect statements.
Sanctimonious prigs like you who preach from their high horse always get exposed for their hypocrisy when their own inevitable fallibility gets revealed. You should have listened to your Sunday school teacher re your trivial fault picking problem.
Yet again you have revealed yourself to be a grade one hypocrite - a pedantic hypocrite.
You persistently apply childish schoolkid pedantry to pick fault with others' statements whilst wriggling and writhing when similar levels of pedantry are applied to your own imperfect statements.
Sanctimonious prigs like you who preach from their high horse always get exposed for their hypocrisy when their own inevitable fallibility gets revealed.
Fucking grow up.
I am unable to extract any meaningfull contribution from your post other than you dislike me pointing out when shady lies or misleads...
Nit picking is somthing you admire when shady does it to keen and hyperlinks 'proof' which is not proof.. how come it's not valid when others do it back to him ?
Perhaps you can cite some examples where property is notnyielding positive returns in a flat market... shady is struggling....
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