The Guardian Australia – News
·general
·2 hours ago
Australia abolishes negative gearing, overhauls capital gains tax in 2026 budget
Treasurer Jim Chalmers delivered Australia's 2026 budget Tuesday with major reforms including abolishing negative gearing for new investors and overhauling capital gains tax discounts. The budget also includes significant cuts to the National Disability Insurance Scheme. The changes are politically risky amid concerns about housing affordability and broader economic pressures facing Australian households.
Summary by Glance · The Guardian Australia – News
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