Negative implications

The clock is ticking for wannabe negatively geared property investors and those wanting to add to their tax-advantaged real estate portfolio. The federal Labor opposition has nominated January 1, 2020 as the start date for its controversial plan to scrap negative gearing on existing properties, limiting it to new properties only, and halving capital gains tax (CGT) relief from 50% of the gain to 25%.

Of course, it first has to win government at the election, but if the opinion