Senators Jacqui Lambie and David Pocock urge Australian government to reform capital gains tax and negative gearing policies, with PBO modelling suggesting up to $60bn savings over a decade.

Senators Jacqui Lambie and David Pocock are urging the Australian government to consider reforming capital gains tax and negative gearing policies, with new modelling from the Parliamentary Budget Office showing that changes could save the federal budget up to $60 billion over a decade. The senators commissioned the analysis, which models five options for reform, before the May budget. The changes could help boost home ownership and build more social and affordable homes.

April 22, 2024
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