Greens want to force negative gearing, capital gains tax back on agenda
- The Greens are pushing for reforms on negative gearing and capital gains tax, citing seven million renters in Australia as key supporters for this change.
- The Greens plan to prioritize reforming negative gearing and the capital gains tax, stating this is urgent due to the potential housing crisis and the influence of wealthy investors leaving stocks for property.
- Proposals will be put forward to Parliament to end tax breaks for investment companies and charge overseas buyers to combat property speculation.
- Proposals include measures like rent caps and standards for property quality.
24 Articles
24 Articles
Greens Layout Minority Government Terms: Sweeping Change to Capital Gains and Negative Gearing
The Greens are demanding sweeping reforms to negative gearing and the capital gains tax (CGT) discount as a top priority in minority government talks. They argue the tax changes will bring relief to renters, open doors for first home buyers, and soften the blow of global tariff upheaval. Negative gearing allows investors to claim losses from rental properties as tax deductions, often relying on property value appreciation to offset short-term lo…
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