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Details of the federal government’s changes to capital gains tax (CGT) and negative gearing have been leaked to Phil Coorey at The AFR.
Below is a summary of what we know.
Negative gearing changes apply only to properties acquired after budget night.
The Albanese government will restrict negative gearing to newly built properties only, but with a long transition to avoid a rush of investors into existing homes.
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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.