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What is negative gearing and why change it?

File

File Source: AAP

Treasurer Josh Frydenberg has attacked the federal opposition's plan to abolish negative gearing.


The government on Wednesday released a study comparing tax data from 2015/16

against federal electorates, claiming Labor's policy would hurt its supporters.

Some 1.3 million Australians negatively gear investment properties, with 640,000

living in coalition electorates and 570,000 in Labor-held seats.

Mr Frydenberg says house prices have come down over the past year across capital

cities and banks are tightening their loans.

 


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