SINCE 1997

Latest Capital Gains Tax Discounts News

Labor pledges no change to negative gearing, CGT discounts

Opposition Leader Anthony Albanese has taken negative gearing off of the election agenda, saying there will be no change to the much-used tax deduction strategy if Labor is successful at the next poll.

Labor Leader Anthony Albanese

Opposition Leader Anthony Albanese has taken negative gearing off of the federal election agenda, saying there will be no change to the much-used tax deduction strategy if Labor is successful at the next poll.

Mr Albanese and Shadow Treasurer Jim Chalmers today announced that Labor would deliver the same tax cuts as the Morrison government has pledged to more than 9 million Australians.

The commitment comes after plans to abolish negative geari…