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Budget 2021: Few surprises for property investors
By Fergus Halliday
11 May 2021
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1 minute read
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Treasurer Josh Frydenberg has revealed the latest federal budget, and what it means for property investors in regards to capital gains tax, superannuation and negative gearing.
Those with a stake in the Australian property market can sleep easy after the official unveiling of the 2021 federal budget.
Here’s a quick summary of all the schemes, funding and details of the 2021 budget that are relevant to Australian property investors.
Negative gearing and capital gains
While the 2021 budget includes a number of measures relevant to property investors, it doesn’t directly address or change existing arrangements around the critical mechanism of negative gearing nor does it touch capital gains tax.
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The federal budget will include $10 billion in funding for infrastructure projects to be spent over the next decade.
The funding aims to make roads safer, reduce travel times and support thousands of jobs.
The government has detailed where half the money will be spent, with the remainder to be announced in Tuesday night s budget.
Deputy Prime Minister Michael McCormack said the extra funding was a key plank of the government s plan to help Australia bounce back from the coronavirus pandemic. More money for infrastructure means more jobs, more local procurement and a better future for businesses across the country, Mr McCormack told reporters in Canberra.