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Labor, Greens cut deal on CGT and negative gearing
Key takeaways
- The government has successfully passed its tax changes through parliament with support from the Greens.
- Capital gains tax and negative gearing changes will pass parliament this week after Labor cut a deal with the Greens in the Senate.
- The federal government has agreed to end an exemption that allowed self-managed superannuation funds to borrow money to invest in residential property as part of the agreement.
Why this matters: an international story with cross-border implications worth tracking.
The government has successfully passed its tax changes through parliament with support from the Greens. (ABC News: Matt Roberts)
Capital gains tax and negative gearing changes will pass parliament this week after Labor cut a deal with the Greens in the Senate.
The federal government has agreed to end an exemption that allowed self-managed superannuation funds to borrow money to invest in residential property as part of the agreement.
Article preview — originally published by ABC Australia. Full story at the source.
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