If you are currently negatively gearing, the first thing you need to know is that your current investments will be unaffected by Labor’s reforms. This will only affect existing properties purchased from 1 July 2017. From that point, negative gearing will only be allowed for new properties purchased after that date.
Labor’s proposed reforms to negative gearing and capital gains tax are our plan to make sure the housing market works for all Australians.
We don’t want to let the Australian dream of owning your own home vanish for our kids.