Treasury Laws Amendment (Tax Reform No. 1) Act 2026 (49 of 2026)

Schedule 2 Limit negative gearing for residential property to new builds

Insert:

(9JA) Expenditure does not form part of the reduced cost base to the extent that section 26-155 prevents it being deducted.

Note: Section 26-155 denies deductions for the excess of residential dwelling related expenditure over residential dwelling related income.