Shadow treasurer, Chris Bowen, has announced that Labor’s signature negative gearing and capital gains tax (CGT) reforms will come into effect on 1 January 2020, roughly seven months after the federal election. This is six months earlier than the 1 July 2020 start date speculated by most observers. From The ABC:
Shadow Treasurer Chris Bowen said the long-awaited start date would still provide enough time for scrutiny of the legislation and more industry consultation…
