Labor backs down on widow's tax after backlash
from Sunrise Hosted by LiSTNR
Labor's negative gearing and capital gains tax reforms passed through Parliament with last-minute amendments addressing the so-called 'widow's tax'. Independent Senator David Pocock raised concerns that grandfathered protections for existing investment properties would disappear when ownership transferred from joint to single ownership after divorce or a partner's death. Labor committed to fixing this issue with additional legislation later in the year, following a deal struck with the Greens to secure passage of the reforms.
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