PHOTO: Prime Minister Scott Morrison and Opposition Leader Bill Shorten have very different plans for negative gearing. Pictures: AAP Image/Mick Tsikas/Lukas Coch Source:AAP
It’s one of the biggest — and most controversial — issues of this federal election. Here’s what a Labor or Liberal win would mean for you.
It’s shaping up to be one of the key issues of the looming federal election — but many Aussies are still unsure about what negative gearing really means for them.
While a Morrison government would leave things as they are, Labor has pledged to upset the apple cart in order to “help housing affordability” by reforming negative gearing and capital gains tax arrangements.
That means if Bill Shorten wins on May 18, negative gearing will be limited to newly built properties, with Labor also planning to half the 50 per cent capital gains tax discount in a bid to help Aussies buy homes.
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