Proposed Tax Changes and Your Home Loan
Recent Federal Budget announcements have included proposed changes to negative gearing, capital gains tax and the taxation of discretionary trusts. We understand this may raise questions for both new and existing customers, particularly property investors.
Here’s some helpful info to get you up to speed
The changes announced in the Budget are proposals only at the date of this post. They are not yet law and may change as they move through the legislative process.
At this stage, Bluestone’s credit policy and servicing approach remain unchanged.
What changes have been proposed?
While details may evolve, the Budget outlined proposals that could affect how some investment income and capital gains are taxed in the future. These include changes to:
- Negative gearing arrangements
- Capital gains tax concessions
- The taxation of income distributed through discretionary trusts
If introduced, these changes may affect after‑tax income and investment returns for some customers over time.
What does this mean for your home loan?
Right now, there is no immediate impact on existing Bluestone loans or applications based on these proposals alone.
However, tax settings can form part of a customer’s broader financial position. If you’re an investor, particularly if you hold property through a trust or rely on negative gearing, it’s sensible to understand how proposed changes could affect your circumstances in the future.
What Bluestone is doing
We are closely reviewing the proposed changes and assessing any potential impact on our lending approach.
If our approach changes as a result of legislation, we will communicate clearly and directly with customers and brokers at the appropriate time.
What you can do
Everyone’s situation is different. If you’re unsure how these proposed changes could affect you, we recommend:
- Speaking with your broker, who can talk through your application or loan
- Seeking independent financial or tax advice to understand your personal circumstances
This can help you make informed decisions, both now and in the future.
