Negative Gearing and Capital Gains Tax (again)
Australian Society and Politics, Housing, News, Taxation | 4th August 2021
Saul talks to National Radio News’ political reporter Amanda Copp about tax policy and housing, following the Australian Labor Party’s decision to abandon the policies it took to the past two elections (in 2016 and 2019) of abolishing ‘negative gearing’ (the long-standing provision in Australia’s tax code whereby investors in property, or other assets, can offset any excess of interest on borrowed funds over the income produced by that investment against their other incomes in order to reduce the amount of income tax they pay) and reducing the ‘capital gains discount’ (under which capital gains are taxed at half the rate applicable to a taxpayer’s other income).