Negative gearing and capital gains tax discounts to cost Australian budget $165bn over 10 years, analysis reveals
Greens use Parliamentary Budget Office analysis to demand Labor wind back both policies in return for support on Help to Buy schemeGet our morning and afternoon news emails, free app or daily news podcastGenerous tax breaks given to investors with more than one property will cost the federal budget more than $165bn over the next decade, new costings show.The Parliamentary Budget Office (PBO) analysis, requested by the Greens and released on Monday, shows tax revenue forgone due to the federal government’s policies of negative gearing and capital gains tax discounts will total about $165.58bn between 2024-25 and 2033-24.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading...
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Greens use Parliamentary Budget Office analysis to demand Labor wind back both policies in return for support on Help to Buy scheme
Generous tax breaks given to investors with more than one property will cost the federal budget more than $165bn over the next decade, new costings show.
The Parliamentary Budget Office (PBO) analysis, requested by the Greens and released on Monday, shows tax revenue forgone due to the federal government’s policies of negative gearing and capital gains tax discounts will total about $165.58bn between 2024-25 and 2033-24.
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading...
