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Retrospective changes to negative gearing must not be an option.

By Nicholas MacIntyre

Article by EDDIE CHUNG from therealestateconversation.com.au

When considering changes to negative gearing, commentary about the potential to wind back negative gearing benefits on a retrospective basis is concerning.

People make medium to long term economic decisions based on the law at the time, and while some may argue the environment has changed to warrant the wind back of negative gearing benefits, doing so retrospectively and applying it to people who have already bought properties on which negative gearing benefits are claimed would be tantamount to penalising them for planning ahead and being financial responsible……………Click Here to continue reading this article

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