Skip to content
Advertisement

Landlords ‘leveraging up’ by exploiting property tax rules are fuelling Australia’s housing affordability crisis, analysis finds

Exclusive: Capital gains tax discount and negative gearing rules created ‘extra artificial incentive’ for property speculation, the e61 Institute has foundGet our breaking news email, free app or daily news podcastThe combination of the capital...

schedule 13:00 visibility 60 views
Landlords ‘leveraging up’ by exploiting property tax rules are fuelling Australia’s housing affordability crisis, analysis finds
The Guardian Source: The Guardian

Exclusive: Capital gains tax discount and negative gearing rules created ‘extra artificial incentive’ for property speculation, the e61 Institute has found

The combination of the capital gains tax discount and negative gearing rules has turbocharged debt-fuelled property speculation over recent decades, according to a new analysis of hundreds of thousands of property investments.

The federal budget in three weeks’ time is widely expected to include changes to tax breaks for investors, in an effort to rebalance the tax system away from the wealthiest Australians and to take pressure off home prices.

Continue reading...

The Guardian

Originally published at

The Guardian

open_in_new Read Full Article

Related Articles

Read More

'Is this safety ?': Life in a Beirut displacement camp
World

'Is this safety ?': Life in a Beirut displacement camp

🇱🇧 "Is this safety?" Jenan Habash has been living in a displacement camp on the Beirut waterfront for three months — one of 175 tents with no running water or sanitation. A single mother from Baalbek, she fled with her two daughters, aged 5 and 10. 

France 24