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Independent economists told a Senate inquiry the plan improves equity despite design flaws. Business groups urged rejection and the government is weighing limited carve-outs.
The federal government will introduce legislation on Thursday that links capital gains tax changes, negative gearing restrictions, and income tax relief. Labor plans to rely on the Greens to pass the bill in the Senate.
The Labor government is facing criticism over budget measures that expand the capital gains tax discount to shares and other assets. Ministers have described complaints as scare campaigns while young investors seek clarification on how the rules apply.
Community and housing organizations called on federal parliament to approve Labor's proposed limits on negative gearing and changes to capital gains tax. The measures would restrict new negative gearing to newly built homes and alter CGT calculations.
New tax rules will impose a 30 per cent flat rate on family trust distributions starting in two years. Property owners face capital gains tax on transfers but not on inheritances. Negative gearing deductions will be deferred rather than eliminated.
The federal government will limit negative gearing to new builds and reduce the capital gains tax concession as part of measures aimed at improving housing affordability for first home buyers. Queensland has experienced rapid home value growth and a widening gap between investors…
washingtonpost.comThe federal government has introduced tax reforms limiting negative gearing on existing properties to new builds, adjusting the capital gains tax concession and applying a 30 per cent minimum tax rate to capital gains and family trusts. The measures, announced in the budget on Tu…
smartpropertyinvestment.com.auThe 2026 federal budget alters capital gains tax discounts and ends negative gearing for most new property investors while exempting new builds. Existing investors retain prior tax treatment through grandfathering provisions. The changes aim to reduce tax benefits that have dispr…