7 News
·general
·2 hours ago
Government winds back negative gearing, announces $250 cost-of-living payment
Treasurer Jim Chalmers wound back negative gearing and capital gains tax concessions in the 2026-27 budget Tuesday, limiting negative gearing to new builds from 2027-28. The government announced a $250 cost-of-living payment for 13 million Australians and said reforms will help 75,000 homeowners enter the market over a decade by leveling the playing field for first home buyers.
Summary by Glance · 7 News
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