Prime Minister Sidesteps Questions on Changes to Negative Gearing

Published on February 6, 2024

“Is the prime minister being relevant?” the opposition appealed to the House Speaker, as Prime Minister Anthony Albanese managed to avoid answering questions on negative gearing on the first day of Parliament this year. Negative gearing refers to the ability of a landlord to claim any loss that occurs—when the cost of owning a rental property outweighs the income it generates—against their other income, including wages or salary. Some Labor MPs, and the left-wing Greens, support limits on negative gearing, claiming it would improve housing affordability. As Parliament resumed, the Liberal-National Coalition tried its best to compel the prime minister to admit that negative gearing might be capped, but Mr. Albanese instead, focused on the divisions within the Coalition and its decision to back the government’s changes to the tax cuts....

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