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The prospect of ending negative gearing would not necessarily affect investors already using the scheme.
It could be made unavailable after a specified date-no new negative gearing investments-but allow existing ones to continue. This would be similar to when Keating introduced capital gains tax-if the asset was owned prior to a certain year (1983?), then it was exempt from CGT.
As I said previously, I am opposed to taxpayers funding someone else's wealth creation
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