Mastodawn

This story is … thorough.

"Tax perks that have been used by property investors for decades to maximise profits and offset their losses will be restricted from tonight, in one of the most significant changes to the tax system in years."

Government breaks promise with restrictions to negative gearing and capital gains tax discount in federal budget
https://www.abc.net.au/news/2026-05-12/budget-2026-government-breaks-promise-negative-gearing-cgt/106669860

#Australia #TaxPerks #housing

Negative gearing cut off for existing homes bought after tonight

Tax perks that have been used by property investors for decades to maximise profits and offset their losses will be restricted from tonight, in one of the most significant changes to the tax system in years.