Property

Exclusive: Capital gains tax discount and negative gearing rules created ‘extra artificial incentive’ for property speculation, the e61 Institute has foundGet our breaking news email, free app or daily news podcastThe combination of the capital gains tax discount and negative gearing rules has turbocharged debt-fuelled property speculation over recent decades, according to a new analysis of hundreds of thousands of property investments.The federal budget in three weeks’ time is widely expected to include changes to tax breaks for investors, in an effort to rebalance the tax system away from the wealthiest Australians and to take pressure off home prices. Continue reading...

The split comes as some MPs raise the prospect of a new conversation about the party’s leadershipFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAngus Taylor has shut down Andrew Hastie’s push for the Liberals to be “open-minded” to increasing taxes on gas companies and winding back concessions for property investors, exposing a clash of philosophies between the opposition leader and his most likely future rival.The opposition leader also did not repeat Hastie’s criticism of Donald Trump as he refused to say whether or not he endorsed the US and Israel’s war with Iran. Continue reading...

• North Carolina lawmakers introduced bills to scale back hospitals' property tax and sales tax exemptions, potentially shifting millions to state and local governments amid soaring medical costs. • The Joint Legislative Oversight Committee on Health and Human Services heard arguments on March 10, with a vote expected in April before advancing to full House and Senate. • Hospital groups like the North Carolina Healthcare Association warn of strained resources, especially for rural facilities operating on small margins, threatening patient access.

Underquoting and ‘dummy bidding’ will attract fines of $110,000 in bid to create a ‘fair property market’Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe New South Wales government will introduce new laws this week to force property sellers to publish a price guide on all advertising, and impose a fivefold increase to fines for underquoting real estate agents.The government says the draft laws, first flagged last year, are aimed at cracking down on agents providing misleading price estimates on property listings, a practice often used to inflate interest. Continue reading...

Minns government introducing legislation to significantly increase penalties. Follow the day’s updates liveFuel shortages not expected, Chalmers saysJim Chalmers has told Sky the government does not expect Australia to run out of fuel amid the ongoing war in Iran. About a fifth of the world’s oil supplies travel through the Strait of Hormuz and the growing conflict has already played havoc with international prices.We don’t have a model that has petrol prices going that high, but there’s a lot of volatility and a lot of unpredictability in the global oil market.The way these things unfold is ultimately a matter for those officials to determine they’ve done the absolute best they can by these Iranian women under extreme and extraordinary pressure, and often that requires some pretty dramatic and unusual steps, like those which you’ve described. Continue reading...

Met police says woman, 43, was detained after newborn girl in Westminster taken to hospital and pronounced deadA woman has been arrested on suspicion of murder after an 18-day-old baby girl fell from a property in central London.The Metropolitan police said officers attended Horseferry Road in Westminster after reports on Saturday morning that a baby had fallen from a residential property. Continue reading...