Coalition erupts in civil war over negative gearing

Thursday 24 November 2016

Let’s take a quick walk down memory lane.

In 2005, Malcolm Turnbull spoke out against negative gearing, labelling it and the capital gains tax (CGT) discount a “sheltering tax haven” and “tax avoidance”, and arguing that it is “skewing national investment away from wealth-creating pursuits, towards housing”.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.