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Labor to end negative gearing concessions for new investors, but not for existing investors

In the lead-up to the last Federal Budget, in 2013-14, the Coalition was determined to increase new capital gains taxation from 15 to 25 per cent, to encourage private investment in property, particularly in the residential sector. Although there was a small amount of discussion on the issue at the time, there was widespread consensus that negative gearing had become too expensive, and that this would make it too difficult for new homebuyers to afford to buy property.

As is always the case with new govern실시간 카지노ment policies, they were unpopular with many in the community, who felt that the higher rate o영주안마f capital gains tax would discourage and deter people from buying in the first place. The Coalition’s position was a clear rejection of any reduction in negative gearing. In particular, it would not change capital gains tax concessions for existing investors.

The Coalition’s proposal

The policy of the current Government is the opposite of that of the previous Government, which opposed capital gains tax and wanted to increase it. The proposal was to repeal the concession for existing investors, and also remove the concession for new investors.

The Coalition’s proposal was a significant change to the Government’s existing policy. As such, the Government announced that the Government would not change the concessions for existing investors. The Government said in a statement of economic position, available under Access to Information legislation that the changes would be announced “as soon as practicable.”

We are determined to work with the Senate, as well as with other interested parties, to enact meaningful, sensible and fair reforms to negati안산안마ve gearing, to restore home ownership to millions of Australian families. These reforms will help address the growing rental housing crisis, and will also enable families to buy a home. The changes will also encourage more investment in housing, because the Government will support the growth of home ownership through tax concessions for existing investors.

This is not about re-regulating negative gearing for existing investors

The Government was quick to acknowledge that the policy of the previous Government was to allow negative gearing concessions for existing investors. However, it chose to change its policy after its election result. It did so as a result of its failure to introduce a full tax system for homes that had been sold.

The change from a 20 per cent cap to a 25 per cent cap of concessional capital gains is more in line with Treasury’s current policy approach

The Government’s change was based on Treasury’s current policy of allowing an increase in negative gearing concessions for new investors, a