Save articles for later Add articles to your saved list and come back to them any time. It is heartening to see some signs the Albanese government might be considering reforms to negative gearing and capital gains tax (“ Positives of curbing negative gearing ”, September 27). They could do worse than simply revert to the policies that the ALP took to the 2019 election, which largely reserved property tax breaks for those who actually create new housing stock rather than simply bid up the price of old bricks and mortar.
The reforms – which already enjoy a good level of electoral support – could be implemented now but timed to take active effect in the next term of government. This approach avoids the complaint that the government has no mandate to make such reforms in this term of government. It would also mean that the Coalition has to risk seeking to remove taxation reforms that have already passed both houses of parliament and are scheduled to take effect.
And in addition, discuss the vast loss of revenue that would result from their plans, forcing them to say what spending they will cut or what taxes they will raise. Reversing a reform that is already in place is very different to opposing a proposed reform and would quickly put the Coalition – rather than the ALP – on the back foot. Tim Thornton, Northcote (Vic) Labor is again flirting with changes to negative gearing.
Credit: Marija Ercegovac With rumours of negative gearing changes, the next few months will .