ABC News & Headlines – Australian Broadcasting Corporation·3 min read·medium
Labor unveils 'widow tax' fix after negative gearing backlash
C
Clare Armstrong
✦AI Summary
The Australian Labor government is proposing legislative changes to prevent individuals who inherit investment properties from their spouses from losing negative gearing tax benefits. This move addresses an unintended consequence of recent tax reforms that critics dubbed a 'widow tax'.
Jim Chalmers says the proposed legislation would ensure Labor’s tax changes applied to people in a range of circumstances. ( ABC News: Ian Cutmore )
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