They've cut deeming rates, but what are they?
- Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
Treasurer Josh Frydenberg has cut deeming rate for large investments from 3.25% to 3%, and for smaller ones from 1.75% all the way down to 1%, backdated to the start of July.
But exactly is a deeming rate, and why does it matter so much to about one million...