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Negative gearing changes despite election promise (Read 172 times)
Bobby.
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Negative gearing changes despite election promise
May 4th, 2026 at 5:09pm
 
May 4, 2026       Sunrise 2026


The Australian government is preparing to introduce significant changes to negative gearing and capital gains tax from next week, despite the Prime Minister's 2022 election promise not to touch negative gearing. The proposed reforms could fundamentally alter how investment properties are taxed, potentially requiring properties to be positively geared rather than allowing tax deductions for losses. Dr Christian Bayliss from Fort Lake Asset Management suggests the government is leveraging its strong political position to implement major tax reform, though the changes may need to be grandfathered to avoid devastating impacts on current property investors.








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Bobby.
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Re: Negative gearing changes despite election promise
Reply #1 - May 4th, 2026 at 5:13pm
 

They are desperate to pay the interest on $1 trillion of Labor debt.
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Bobby.
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Re: Negative gearing changes despite election promise
Reply #2 - May 4th, 2026 at 7:13pm
 
It's a double whammy.




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May 4, 2026


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Bobby.
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Re: Negative gearing changes despite election promise
Reply #3 - May 5th, 2026 at 8:22am
 
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« Last Edit: May 5th, 2026 at 9:45am by Bobby. »  
 
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Bobby.
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Re: Negative gearing changes despite election promise
Reply #4 - May 5th, 2026 at 9:49am
 

Treasurer readies budget to address housing, intergenerational pressures | ABC NEWS






May 4, 2026 

Taxes on property investors and family trusts will increase in next week's budget to address what the treasurer called "serious intergenerational pressures".
Jim Chalmers promises his fifth budget will be one of restraint, downplaying the prospect of new tax cuts.
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Bobby.
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Re: Negative gearing changes despite election promise
Reply #5 - May 6th, 2026 at 5:54pm
 

The Govt. is desperate for your money.

New laws 2026:

Super -  How the ATO Takes Up to 32% After Death.


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Leroy
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Re: Negative gearing changes despite election promise
Reply #6 - May 6th, 2026 at 7:23pm
 
Bobby. wrote on May 6th, 2026 at 5:54pm:
The Govt. is desperate for your money.

New laws 2026:

Super -  How the ATO Takes Up to 32% After Death.




Thats nothing Bobby, people think if the government tax the rich it will somehow be the government taking money from the rich and giving it to the poor. little do they realize that it will be the government taking from the rich and keeping it.
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Trump derangement syndrome
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Bobby.
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Re: Negative gearing changes despite election promise
Reply #7 - May 6th, 2026 at 7:30pm
 
Leroy wrote on May 6th, 2026 at 7:23pm:
Bobby. wrote on May 6th, 2026 at 5:54pm:
The Govt. is desperate for your money.

New laws 2026:

Super -  How the ATO Takes Up to 32% After Death.



Thats nothing Bobby, people think if the government tax the rich it will somehow be the government taking money from the rich and giving it to the poor. little do they realize that it will be the government taking from the rich and keeping it.




Nahh - they give it to Abbos.   Roll Eyes
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