Australia to offer one-year grace period for housing, investment tax changes, AFR reports

Australia's Labor government will provide a one-year grace period for upcoming changes to capital gains tax discounts and negative gearing, as reported by the Australian Financial Review. These changes are part of the federal budget to be announced this week and aim to address criticisms that current policies favor investors over homeowners.

SYDNEY, May 11 (Reuters) - Australia's centre-left Labor government will offer a one-year grace period for planned changes to capital gains tax discounts and negative gearing in the federal budget to be handed down this week, the Australian Financial Review reported on Monday. Proposed changes to these policies, long criticised for skewing housing ownership towards investors and away from owner