👀 JUST IN: MAJOR CHANGES TO NEGATIVE GEARING AND CGT ANNOUNCED IN FEDERAL BUDGET

Labor has announced major property tax changes in the 2026 federal budget, handed down on May 12.

Negative gearing for new investors will be limited to new builds from July 1, 2027, while existing investment properties bought before budget night will be grandfathered.

The 50% capital gains tax discount will also be replaced with an inflation-linked system and a new minimum 30% tax on gains from July 1, 2027.

@Aussie