Could we see Labor’s negative gearing reforms on 1 July?

Wednesday 6 February 2019

Financial advisers are warning their clients that Labor’s negative gearing and capital gains tax (CGT) reforms could come into effect as early as 1 July in a bid to minimise voter backlash. From The Australian:

“It just very important for any investor to digest that these sweeping changes on property tax treatment are coming down the line and they may well arrive in the wake of a May election which is a lot sooner than many might realise,’ said one leading adviser yesterday.

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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.