ANNETTE SAMPSON WHAT IT?
The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.
But as then Labor leader Bill Shorten discovered in the 2019 election, cuts to property tax concessions are electoral poison. (Labor also took the property investment changes to the 2016 election.) In 2021, Labor officially dropped the investment property changes from its policies, and it would
