Why the cost of negative gearing tax breaks is likely to rise - Sydney Morning Herald

The federal budget could miss out on billions in revenue in coming years and economists have called for reforms to bring Australia’s housing tax policy into line with international standards.

I wouldnt be surprised if we got to $5 to $6 billion per annum in net rental incomes, but it wont go back to previous highs, he said, adding that it would peak when the average variable rate hits 6 p… [+3207 chars]

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