Impact of super for housing on commonwealth rent assistance for 35 to 59 age cohort
The request sought the savings in Commonwealth Rent Assistance, resulting from purchasing a home under the Coalition’s proposed super for housing policy. The super for housing policy was described in the Coalition’s 2022 election policy and would allow individuals to withdraw up to $50,000 from their superannuation (up to a maximum 40% of their superannuation balance) to purchase their first home.
The request asked to focus on 35-59-year-olds and to assume that 20% of renters would purchase a home due to the scheme.
Read moreImpact of super for housing on commonwealth rent assistance for 35 to 59 age cohort
The request sought the savings in Commonwealth Rent Assistance, resulting from purchasing a home under the Coalition’s proposed super for housing policy. The super for housing policy was described in the Coalition’s 2022 election policy and would allow individuals to withdraw up to $50,000 from their superannuation (up to a maximum 40% of their superannuation balance) to purchase their first home.
The request asked to focus on 35-59-year-olds and to assume that 20% of renters would purchase a home due to the scheme.
Read moreImpact of super for housing on Commonwealth rent assistance
The request sought the savings in Commonwealth Rent Assistance, resulting from purchasing a home under the Coalition’s proposed super for housing policy. The super for housing policy was described in the Coalition’s 2022 election policy and would allow individuals to withdraw up to $50,000 from their superannuation (up to a maximum 40% of their superannuation balance) to purchase their first home.
The analysis would focus on 35-45-year-olds and would assume that 20% of renters would purchase a home due to the scheme.
Impact of super for housing on Commonwealth rent assistance
The request sought the savings in Commonwealth Rent Assistance, resulting from purchasing a home under the Coalition’s proposed super for housing policy. The super for housing policy was described in the Coalition’s 2022 election policy and would allow individuals to withdraw up to $50,000 from their superannuation (up to a maximum 40% of their superannuation balance) to purchase their first home.
The analysis would focus on 35-45-year-olds and would assume that 20% of renters would purchase a home due to the scheme.
GST on Building Materials
The proposal would remove the Goods and Services Tax (GST) on residential building materials at the final point of sale. Under the proposal new residential buildings would be effectively exempt from GST.
The exemption would not include renovations and additions, and the Commonwealth would compensate states and territories for any decrease in GST revenue.
The policy would commence on 1 January 2025, and conclude after 5 years.
GST on Building Materials
The proposal would remove the Goods and Services Tax (GST) on residential building materials at the final point of sale. Under the proposal new residential buildings would be effectively exempt from GST.
The exemption would not include renovations and additions, and the Commonwealth would compensate states and territories for any decrease in GST revenue.
The policy would commence on 1 January 2025, and conclude after 5 years.
GST on Building Materials
The proposal would remove the Goods and Services Tax (GST) on residential building materials at the final point of sale. Under the proposal new residential buildings would be effectively exempt from GST.
The exemption would not include renovations and additions, and the Commonwealth would compensate states and territories for any decrease in GST revenue.
The policy would commence on 1 January 2025, and conclude after 5 years.
GST on Building Materials
The proposal would remove the Goods and Services Tax (GST) on residential building materials at the final point of sale. Under the proposal new residential buildings would be effectively exempt from GST.
The exemption would not include renovations and additions, and the Commonwealth would compensate states and territories for any decrease in GST revenue.
The policy would commence on 1 January 2025, and conclude after 5 years.
Cost of Negative Gearing and Capital Gains Tax Discount
This request is seeking budget analysis on the revenue foregone in relation to the cost of negative gearing and the capital gains tax discount. There are 2 components to this request:
Read moreCost of Negative Gearing and Capital Gains Tax Discount
This request is seeking budget analysis on the revenue foregone in relation to the cost of negative gearing and the capital gains tax discount. There are 2 components to this request:
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