Key News Summary: Shadow Treasurer announces 6 month deferral of the start date for their proposal to restrict negative gearing and reduce the CGT discount. He also foreshadowed changes to the Managed Investment Trust tax law to professional investors into the ‘build to rent’ sector.
Comprehension (CPD) questions
- When, now, would their proposal to restrict negative gearing and reduce CGT discount start?
- Would an investment made before this date, still attract the old treatment (ie. will the changes be ‘grandfathered’)?
- What will be the tax change for ‘build to rent’?
- How will this increase the stock of rental accommodation?