Curbing the capital gains tax deductions for investors would have more impact on lowering house prices than changes to negative gearing, but neither would help boost supply, which is the key challenge, Treasury Secretary Steven Kennedy says.
Dr Kennedy on Wednesday confirmed his department was modelling changes to the tax breaks, as it did from time to time, but played down the prospects of the Albanese government taking a proposal to the next election.
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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com