The Senate Chamber during a division at Parliament House in Canberra, Australia on Feb. 4, 2026. Hilary Wardhaugh/Getty Images
Labor’s tax reforms have passed the Senate, clearing the way for changes to negative gearing and capital gains tax arrangements from July 1, 2027.
The legislation, which passed with the support of the Greens, restricts negative gearing to newly built homes and removes the 50 percent capital gains tax discount for investment properties and some businesses.
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