Landlord tax breaks to exceed $100b
Michael ReadEconomics correspondent
Landlord tax breaks will be the fastest-growing source of lost revenue over the next four years, as rising interest rates push more real estate speculators to make use of negative gearing.
Australians will bank more than $415 billion in concessions on superannuation and capital gains over the next four years, according to Treasury’s annual Tax Benchmarks and Variations Statement, released on Tuesday.
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