The Conversation
International · 1 hrs ago
How Australia’s new negative gearing rules might accidentally favour some property investors
Jakub Żerdzicki/Unsplash
For the best part of a century, Australian property investors have enjoyed a generous tax arrangement found in few other countries: the infamous “negative gearing”.
Now, sweeping reforms to limit negative gearing to new builds and also change the way capital gains are taxed have become law.
The federal government hopes to give first-home buyers a better shot at buying existing homes and at the same time redirect investor cash towards increasing housing supply.
However, s
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