Anthony Albanese is called out for his OWN $2.2million investment property act - even as he considers major change to negative gearing
5 months, 3 weeks ago

Anthony Albanese is called out for his OWN $2.2million investment property act - even as he considers major change to negative gearing

Daily Mail  

Anthony Albanese has been blasted by the Coalition for potentially considering axing negative gearing for property investors, even as his own $2.2million investment property goes on the market. Negative gearing policies allow property investors to claim tax deductions when the costs of owning and maintaining the property, such as loan interest and maintenance expenses, exceeds the rental income. Anthony Albanese may look at negative gearing changes Jim Flanagan, 45, has lived in one of Mr Albanese's investment properties in the inner-west Sydney suburb of Dulwich Hill for four years It comes as a RealEstate.com.au analysis has shown Mr Albanese could have claimed tax breaks of up to $25,000 in his first year of owning the investment property. Anthony Albanese would not confirm whether his government is considering changes to the tax benefits for property investors amid a housing shortage But Treasurer Jim Chalmers on Wednesday confirmed his department was examining possible policy changes including negative gearing and the capital gains tax discount.

History of this topic

More than 430,000 Australians could have owned their own home today – if not for negative gearing inaction from seven PMs
5 months, 2 weeks ago
The PM took the podium and dangled possible negative gearing changes, sparking a whiplash-inducing debate
5 months, 3 weeks ago
Negative gearing changes 'could tip Australia into recession', warns John Symond
6 years, 3 months ago
Negative gearing reform 'essential' to improve housing affordability: Saul Eslake
7 years, 11 months ago
Negative gearing: Labor will 'punish mum and dad investors' with changes, Government says
8 years, 10 months ago
Negative gearing: Tax deduction's removal 'would boost Commonwealth revenue by $5b annually'
8 years, 10 months ago
Negative gearing changes good for economy if home prices fall: David Murray
9 years ago

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