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AAP
AAP
Business
Jacob Shteyman

'No-brainer' to end negative gearing on holiday rentals

Curbing negative gearing on short-stay rentals could save taxpayers $500 million per year. (Jono Searle/AAP PHOTOS)

Treasurer Jim Chalmers faces a fresh push to scale back tax concessions for property investors that advocates say would align with the government's mission to address intergenerational inequity.

Curbing negative gearing and reducing the capital gains tax discount on short-stay rentals like Airbnbs could save taxpayers more than $500 million per year in concessions, according to a report released on Monday by affordable housing advocacy group Everybody's Home.

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