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