REIA calls for holistic review of all property taxes
By Maja Garaca Djurdjevic
22 April 2021
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1 minute read
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Negative gearing and capital gains tax on property investments should be retained in their current form, the Real Estate Institute of Australia has said in its budget submission.
The REIA is pushing for the retention of investment incentives as a legitimate deduction of expenses until a “co-ordinated and holistic review” has “objectively” addressed all property taxes.
In its budget submission, ahead of federal budget on 11 May, REIA president Adrian Kelly said now that the virus has been “caught and managed”, it is time to start examining key issues fundamental to Australia’s 10-year horizon.