Normal
Depends on if they set a base value where CGT applies.say $5 million would be in the 'luxury home' bracket in a lot of areas. They may or may not allow deductions depending on how generous they feel.But I doubt very much if the Labor government would do that. They are still running scared of the idea that their negative gearing proposals cost them the 2019 election, and the bruises haven't healed yet.
Depends on if they set a base value where CGT applies.
say $5 million would be in the 'luxury home' bracket in a lot of areas. They may or may not allow deductions depending on how generous they feel.
But I doubt very much if the Labor government would do that. They are still running scared of the idea that their negative gearing proposals cost them the 2019 election, and the bruises haven't healed yet.
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