Negative gearing change to start on January 1 should Labor win the election

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Shadow treasurer Chris Bowen said the property tax changes would raise $2. If you already use negative gearing nothing changes. And you can still use it for new houses he said in a statement on Friday. Renters are set to bear the brunt of Labors plans to axe negative gearing which will be in play by early next year if Bill Shorten wins the May election. Industry experts warn the proposed reforms could cause rental price hikes of more than 20 per cent and put a multibillion dollar dent in stamp duty revenue. The changes wont apply to newly built homes and existing investment properties. As more investors are driven away there wont be rental properties available in numbers he said. I closed New York Fashion Week modeling in Rihannas Savage x Fentyshow in pasties Woods told Vogue UK in a personal essay. Woods and Rihanna have been close over the years and also featuring her in her Fenty Beauty campaigns

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