ALP’s property-tax hit may be imposed as early as July

Original article by Rosie Lewis
The Australian – Page: 1 & 6 : 25-Oct-18

Shadow treasurer Chris Bowen has defended Labor’s proposed negative gearing and capital gains tax reforms, amid concern about their impact on dwelling construction. He says modelling commissioned by Master Builders Australia is flawed as it does not take into account the fact that negative gearing changes will be "grandfathered". MBA CEO Denita Wawn argues that the grandfathering provisions will have no effect on future investment decisions. Sources have indicated that a Labor government would implement the negative gearing reforms from July 2020, and possibly a year earlier if the federal election is called before the end of 2018.

CORPORATES
AUSTRALIAN LABOR PARTY, MASTER BUILDERS AUSTRALIA INCORPORATED, STOCKLAND – ASX SGP, PROPERTY COUNCIL OF AUSTRALIA LIMITED, HOUSING INDUSTRY ASSOCIATION LIMITED, CADENCE ECONOMICS PTY LTD, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY

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