Capital gains discount and negative gearing turbocharged property speculation and pushed up prices, analysis finds

Exclusive: Landlords ‘leveraging up’ by exploiting property tax rules are fuelling Australia’s housing affordability crisis, e61 Institute finds Get our breaking news email , free app or daily news podcast The combination of the capital gains tax discount and negative gearing rules has turbocharged debt-fuelled property speculation over recent decades, according to a new analysis of hundreds of thousands of property investments.

The federal budget in three weeks’ time is widely expected to include changes to tax breaks for investors , in an effort to rebalance the tax system away from the wealthiest Australians and to take pressure off home prices .

Continue reading…

原文链接: The Guardian