The pathway could improve the standard of rentals and increase the value for money the government gets from housing tax concessions.
Negative gearing and the capital gains tax discount would be restricted to participating properties.Landlord access to negative gearing and capital gains tax concessions would be tied to the condition of their properties and five-year lease agreements under a new proposal to reform the controversial tax measures.
RMIT professor of urban policy and director of the Centre for Urban Research Jago Dodson co-authored the report, which suggested creating a national rental regulation system to set national standards for the liveability of rentals and set the ideal terms for tenancy agreements.
Tier two was for rent assistance recipients and would attract the full negative gearing benefit and a 20 per cent capital gains tax discount, adjusted for inflation. Dodson said this would be a best-case scenario for tenants, but encouraged the government to work with tenancy advocacy groups to nail down specific conditions if the proposal went ahead.
Prominent negative gearing critic Professor Richard Holden was supportive of the proposal, but was concerned a tiered system could be too complex.
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