A major property industry body has praised Turnbull’s decision to leave negative gearing alone

  • The Urban Taskforce, an industry organisation representing property development interests in Australia, has backed the decision by the Federal Government to leave current property taxes alone.

At the weekend, Prime Minister Malcolm Turnbull announced that there would be no changes to negative gearing and the capital gains discount under the Coalition.

“Despite much recent debate about the potential to restrict negative gearing to only new housing



Prime Minister Malcolm Turnbull with Treasurer Scott Morrison (right) and Member for Banks David Coleman (left) take questions after announcing there would be no changes to negative gearing policy in the May budget. Picture: AAP Image/Dan Himbrechts

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