Should Australia curb negative gearing?
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Description
Negative gearing is back on the table with Jim Chalmers asking Treasury to model changes to property tax breaks. It's not a new proposal for Labor, with tax reform a hot political issue in the 2019 election. But at any mention of changes to negative gearing, landlords immediately voice concerns about losing income and having to sell up. Tenants raise issues about increasing rents. And first home buyers wonder if this will worsen their chances of getting into the market. In this podcast episode, housing experts Brendan Coates and Matthew Bowes make the case for curbing negative gearing and the capital gains tax, a change which could raise billions for the federal Budget and boost home ownership. Show notes Why negative gearing should be on the table: https://grattan.edu.au/news/why-negative-gearing-should-be-on-the-table/ On negative gearing and the 2019 federal election: https://grattan.edu.au/news/self-interest-didnt-swing-the-election-results-but-the-scare-campaign-did/ Hot Property: Negative gearing and capital gains tax reform https://grattan.edu.au/wp-content/uploads/2016/04/872-Hot-Property.pdf
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