Labor refuses to rule out negative gearing changes as Treasury reportedly studies housing tax

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Labor refuses to rule out negative gearing changes as Treasury reportedly studies housing tax
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Anthony Albanese declares public service is ‘looking at policy ideas’ as report raises prospect Labor is investigating shift on housing tax concessions

The prime minister, Anthony Albanese. Labor has come under pressure from the Greens and crossbench to make changes to negative gearing deduction as part of housing tax reform.The prime minister, Anthony Albanese. Labor has come under pressure from the Greens and crossbench to make changes to negative gearing deduction as part of housing tax reform.

“Our housing policy is clear. It doesn’t include that change,” a spokesperson for the treasurer said on Wednesday. “Treasury, I’m sure, like other departments, do a range of proposals, policy ideas. I want a public service that is full of ideas.” “Treasury does this sort of work … routine work all the time around different policies, different ideas … they look at a variety of scenarios.”The shadow finance minister, Jane Hume, appearing opposite Rishworth on Sunrise, claimed curbing negative gearing would have a “dramatic impact” on supply of rental homes.

“People voted in 2019 on some of those ideas. They were rejected,” Albanese said, referencing Bill Shorten’s unsuccessful election platform.

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