ABC News – Top stories
·general
·1 hour ago
Here's how the budget's tax changes will affect you
Australia's 2026 budget announced major tax changes to negative gearing and capital gains tax, described by Treasurer Jim Chalmers as the biggest shake-up in 25 years. Investment properties purchased after Tuesday will face stricter rules, with rental losses usable only against other residential property income, while new builds remain exempt.
Summary by Glance · ABC News – Top stories
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