The Age
·general
·2 hours ago
Albanese insists broken negative gearing promise will benefit nation
Prime Minister Anthony Albanese acknowledged breaking an election promise to reform negative gearing, arguing the change will boost home ownership by restricting the tax break to newly built properties from July 2027. The Coalition vowed to fight the reforms, with Opposition Leader Angus Taylor citing Treasury modeling showing 35,000 fewer homes built over a decade.
Summary by Glance · The Age
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