"One-year grace period for negative gearing, CGT changes"
"The Albanese government’s clampdown on negative gearing will apply to properties acquired from budget night, but not come into effect until July next year under an arrangement designed to stop a stampede of buyers.
A similar transition will apply to the changes to the capital gains tax discount, according to people familiar with the budget but not authorised to speak publicly. Assets acquired after budget night will receive the current blanket 50 per cent discount on any capital gain until July 1 next year, before switching to a pre-1999 indexation model."
"As revealed last week by The Australian Financial Review, properties already negatively geared will be exempted from any change. Only new-built properties acquired after budget night will be able to be negatively geared."
- Phillip Coorey, AFR
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