The Guardian·2 min read·medium
Australia news live: Jetstar to charge passengers for overhead baggage; Labor drops so-called ‘widow tax’
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Nick Visser
✦AI Summary
The Australian government has announced it will drop the 'widow tax' from its upcoming tax reforms following public and political pressure. The change ensures that property transfers due to death or divorce will not trigger the loss of grandfathered negative gearing and capital gains tax concessions.
Government drops ‘widow tax’ on negative gearing and capital gains changes
politicseconomy
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