Labor has unveiled a fix to its negative-gearing reforms after outcry over a "widow tax". The changes will mean Australians who inherit a property from a spouse won't lose access to negative gearing. Still supporting the debunked policy that some people "deserve" to make money out of housing.
Labor unveils 'widow tax' fix after negative gearing backlashThe government is also consulting on carve-outs and changes covering newly built homes, affordable and disability housing and its new capital gains tax system.www.abc.net.au