Negative Gearing Revisited

Negative gearing is a contentious issue in Australian politics, significantly affecting property investors' tax liabilities. Recent discussions have emerged surrounding potential reforms as part of a housing bill, with the Albanese government weighing options to limit tax concessions. Despite initial hesitation from the government, indications suggest that some internal discussions have taken place regarding changes to both negative gearing and capital gains tax. This renewed interest highlights the political sensitivity around the issue, especially in light of its role in previous electoral losses for Labor.