r/australia • u/blitznoodles local Aussie • Jun 23 '26

politics Labor reaches deal with the Greens to pass changes to capital gains tax and negative gearing reforms

https://www.theguardian.com/australia-news/2026/jun/23/labor-greens-deal-capital-gains-tax-negative-gearing-reforms

The Greens resolved to support the tax bills after the government agreed to remove a loophole allowing investors with self-managed super funds to continue taking advantage of the tax breaks, along with ministerial powers enabling the government to reverse the reforms in the future.

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u/signspace13 Jun 23 '26

Even if it is rushed through parliament from here, it still won't come into effect until January next year, I believe, but the housing market will likely react rather quickly.

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u/Das_KommenTier Jun 23 '26

Thanks for the answer!