ABC News – Australia
·australia
·2 hours ago
Negative gearing cut off for existing homes bought after tonight
Australia's government restricted negative gearing for established homes purchased after May 12, allowing the tax deduction only for newly built properties. The change, effective July 2025, aims to shift 75,000 properties to homeowners and slow house price growth. Capital gains tax discounts will also end from July 2027, with a 30 percent minimum tax rate applying to asset profits.
Summary by Glance · ABC News – Australia
Next
Loving doing this? 🎉
Take it further — get the full app and never miss a moment of what's happening in Australia.
Breaking news alerts
Instant lock-screen notifications the moment big stories break across Australia.
Australian news & events
Politics, sport, weather, local events — all in one swipeable feed, updated around the clock.
Stay ahead of the news cycle
30-second summaries so you're always informed, even on your busiest days.
Loading article…
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
✨
Ask AI