Greens want to force negative gearing, capital gains tax back on agenda
- Greens leader Adam Bandt stated that a minority Labor government would prioritize reforms on negative gearing and capital gains tax to address housing affordability issues by the end of this year.
- Bandt criticized former Prime Minister John Howard for halving the capital gains tax in 1999, which he claims has contributed to a housing market crisis.
- The Greens proposed to reform tax policies that the party believes would assist over 850,000 people to achieve home ownership, particularly benefiting renters.
- Opposition Leader Peter Dutton confirmed no changes to negative gearing, stating that Labor is focused on increasing housing supply instead.
24 Articles
24 Articles
Greens Layout Minority Government Terms: Sweeping Change to Capital Gains and Negative Gearing
The Greens are demanding sweeping reforms to negative gearing and the capital gains tax (CGT) discount as a top priority in minority government talks. They argue the tax changes will bring relief to renters, open doors for first home buyers, and soften the blow of global tariff upheaval. Negative gearing allows investors to claim losses from rental properties as tax deductions, often relying on property value appreciation to offset short-term lo…
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