Millions of landlords spared in major budget move
Millions of landlords spared in major budget move
#budget #tax #australia #breakingnews
Landlords who currently negatively gear properties in Australia will be exempted from the changes to be unveiled on budget night sparing millions of property investors.
News.com.au has confirmed that an estimated one million landlords that currently negatively gear properties will be spared losing their tax concessions.
Tax concessions will remain, however, for new property investors who negatively gear new builds and new apartments – a move the government believes will encourage the supply of new homes into the market.
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