Debate over scrapping negative gearing and capital gains tax

Are you familiar with negative gearing and capital gains tax? Learn what they are and why some politicians and groups want them removed.

Debate over scrapping negative gearing and capital gains tax Source: iStockphoto / davidf/Getty Images

Key Points

• Recently, the Prime Minister was open to discussing policy changes regarding negative gearing, but now he has closed the door on it.
• The government's lost revenue due to capital gains tax and negative gearing will reach 12.3 billion dollars this financial year.
• Several surveys indicate that most Australians want these concessions removed.