The federal government could take a fresh look at negative gearing rules in the May budget to help balance the books and make housing more affordable and accessible.
Negative gearing allows investors to fully deduct costs associated with a rental property against their income, reducing their tax liability.
Government sources say one of the changes being considered by Treasury is the grandfathering of arrangements for existing investors, but limiting future access to negative gearing so only new properties will be eligible.
It is understood Treasury and the Parliamentary Budget Office have done work in this policy area in recent months.
http://www.sbs.com.au/news/article/2014/04/03/taking-fresh-look-negative-gearing
- Forums
- Property
- negative gearing to go!
negative gearing to go!
-
- There are more pages in this discussion • 76 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online