New Tax Rules for Houses in Australia

May 13, 2026, 06:23
AustraliaFinance

Introduction

The Australian government has new tax rules for people who buy houses to make money.

Main Body

People cannot use house losses to pay less tax on their jobs. This starts in July 2027 for new houses. But, people can still get these tax breaks if they build new homes. There is a new rule for the profit from selling a house. The government will tax this profit more. Some people with low income do not have to pay this tax. Experts think people will stop buying houses. Instead, they will put money into businesses or shops. The government wants 75,000 houses to go to first-time buyers in ten years.

Conclusion

The government wants to change the tax rules. Now, rich people get fewer tax breaks when they buy houses.

Learning

๐Ÿ  The 'People' Pattern

In this text, we see a very common way to describe groups of people doing things. Look at these three examples:

  • People who buy houses... (The buyers)
  • People with low income... (The poor)
  • People will stop buying... (The general public)

The Secret for A2: Instead of using hard words, use "People + [description]".

Example Changes:

  • Rich people โ†’\rightarrow People with a lot of money.
  • First-time buyers โ†’\rightarrow People who buy their first home.

๐Ÿ•’ Talking About the Future

How do we say something will happen later? The text uses "will".

  • The government will tax... โ†’\rightarrow (This is a plan/fact)
  • People will stop... โ†’\rightarrow (This is a prediction)

Rule: Just put will before the action word.

  • I will buy โ†’\rightarrow I will build โ†’\rightarrow They will change.

Vocabulary Learning

government (n.)
the group of people who run a country
Example:The government will change the tax rules next year.
buy
to purchase something
Example:I will buy a new book tomorrow.
tax (n.)
a fee that the government collects from people
Example:People have to pay tax on the money they earn.
money
a form of currency used to pay for goods and services
Example:She saved a lot of money for her trip.
house (n.)
a building where people live
Example:She bought a new house in the suburbs.
profit
the amount of money that remains after all costs are paid
Example:The company made a big profit last year.
buy (v.)
to purchase something
Example:Many people want to buy houses before the rule changes.
government
the group of people who run a country
Example:The government announced new policies.
money (n.)
a form of payment that people use to buy things
Example:He saved a lot of money for his future.
houses
a building where people live
Example:They built several houses on the hill.
profit (n.)
the money you make after paying costs
Example:The profit from selling a house is taxed more.
income (n.)
the money you receive from work
Example:People with low income do not have to pay this tax.
business (n.)
a place where people sell goods or services
Example:She started a small business after selling her house.
shop (n.)
a place where people buy goods
Example:They plan to open a new shop in the city.
rich (adj.)
having a lot of money
Example:Rich people get fewer tax breaks when they buy houses.