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.
