Negative gearing, and what actually qualifies as a new residential dwelling
The Federal Government's negative gearing reforms have introduced a complex new test for residential property investors.
A newly built home shines a light on the complexity of the Government’s new negative gearing rules, with a property's age alone no longer enough to determine whether it qualifies. (Image source: Tom Francis)
Changes to negative gearing have raised a raft of questions for property investors, not least of which is who can still access the tax benefits and, perhaps more importantly, which properties will qualify.
The Federal Government is reshaping tax support for residential property investment, with the reforms being delivered in stages. While the first changes established which existing investors would retain access to negative gearing, the definiti…
