We are less than a month out from the budget and Labor’s mooted adjustments to tax concessions for property investors have barely registered
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A funny thing happened on the way to the budget: changes to capital gains tax and negative gearing, which had for years been a no-go zone, are now looking likely.
One of the first times I wrote about negative gearing was in 2015 when I covered the then treasurer Joe Hockey appearing on Q+A. He said negative gearing was needed because when the Hawke government scrapped it in the 1980s rental prices rose.