No Changes to Negative Gearing – There is Nothing to Worry about for Investors Who Are Negatively Geared
The media scare campaign is definitely on but there will be No Changes to Negative Gearing. Virtually every year for the last 20 years that I know of, there has been some scaremonger in the media about changes to negative gearing “in the next budget”.
This time, for those who actually read the articles rather than glance at the headline and guess the rest, there is no talk of changes in the May Budget but Labour has made a policy statement that things will definitely change under a Labour Government for those that do not currently have an investment property! Yes people, the current system will be grandfathered, meaning that only new purchasers of investment property after 2017 will be affected. The word “New” should probably not have been used in the last sentence, I was referring to buyers after 2017 but even buyers after 2017 will NOT be affected by any changes if they purchase brand new property!
No Changes to Negative Gearing
The Liberals are still talking about what they may do, but again, they have been making some references to any changes they may make being “grandfathered”.
Instead of being frightened off of investment property with some scary headlines, the big message really is BUY YOUR INVESTMENT NOW before things might change!
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