Australia introduces bill to overhaul property tax rules
The Australian government introduced a bill to scrap capital gains discounts and limit negative gearing to newly built homes. These reforms aim to improve housing affordability for first-home buyers by curbing tax incentives that favor property investors.
Xurve View
Xurve View
Australia introduced a bill to scrap the 50% capital gains discount and implement a 30% minimum tax on net capital gains. The reform targets the one in five households that own investment properties to address the rising housing crisis. Investors face higher tax liabilities and restricted negative gearing, potentially shifting capital toward new housing supply rather than existing stock.
