Turnbull: "Capital gain tax is not on our agenda."

Labor has called on the federal government to clarify its position on Capital Gains Tax.

Federal Leader of the Opposition Bill Shorten (right) listens to Prime Minister Malcolm Turnbull during Question Time . Source: AAP

It follows comments by Prime Minister Malcolm Turnbull in question time yesterday where he ruled out increasing the tax.

But the government is now considering halving capital gains tax concessions for superannuation funds.

Labor is critical of Mr Turnbull for what it labels 'misleading statements' about the tax reforms.