Dutton Rejects Negative Gearing Changes

Debate over negative gearing and capital gains tax reforms has resurfaced following the government’s decision to review them. Although there is no clear indication of whether the government is likely to scrap these measures, the Labor government has confirmed it is reviewing the tax arrangements, as it does with any policy from time to time. Amidst this, Opposition Leader Peter Dutton has firmly stated that the Coalition will not alter negative gearing if they win the upcoming election. “We are strongly opposed to any changes to negative gearing as it would disrupt the housing market.” He further explained, “It will lead to higher rents and is not in the best interest of the nation.”...