Recall that Labor’s Bill Shorten promised to halve the capital gains tax (CGT) discount, aw well as restrict negative gearing to new builds, in the lead-up to the past two elections.
Labor lost the election both times following a fierce scare campaign from the property lobby and the captured Coalition Government.
More than two years on and the NSW Coalition Government’s submission to the federal government’s housing affordability review has called for the CGT discount to be reviewed and reformed in the name of housing affordability:
