Widow Tax Loophole Closed | Australia News

A political deal averts the “widow tax” loophole that would’ve punished divorcees and widows by stripping them of negative gearing benefits — in exchange, the opposition backs Labor’s stalled NDIS spending cuts. With pressure mounting after a domestic violence survivor was denied a loan due to the loophole, the Treasury says no one raised concerns during consultations, but now Treasurer Jim Chalmers is pushing for faster passage. Both bills are poised to clear the Senate soon, potentially saving billions by decade’s end — and delivering swift relief to those affected. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a3035a856775d87a