The Age
·general
·1 hour ago
Labor restricts negative gearing on rental properties, halves capital gains tax discounts
Australia's Labor government overhauled investment tax rules Tuesday, restricting negative gearing on existing rental properties from July 2027. Capital gains tax discounts halve to 25 percent for gains after July 1, 2027, while new builds retain negative gearing eligibility. Investors are expected to shift toward dividend-paying shares and commercial property, marking the tax system's largest change in decades.
Summary by Glance · The Age
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