Treasurer Scott Morrison in parliament. Source: AAP
Labor has announced that, if elected, it would restrict negative gearing to investment into new housing and would also cut the capital gains tax discount to 25 per cent from 50 per cent. Federal Treasurer Scott Morrison has criticised the efficacy of the Opposition's plan to scrap negative gearing on established houses, arguing it will not help the budget bottom line as much as Labor is claiming it will. Chowai Cheung reports.
Labor has announced that, if elected, it would restrict negative gearing to investment into new housing and would also cut the capital gains tax discount to 25 per cent from 50 per cent. Federal Treasurer Scott Morrison has criticised the efficacy of the Opposition's plan to scrap negative gearing on established houses, arguing it will not help the budget bottom line as much as Labor is claiming it will. Chowai Cheung reports.
