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Labor members want negative gearing changes in ambitious housing plan

Ronald Mizen
Ronald MizenPolitical correspondent

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Rank-and-file Labor members are urging the Albanese government to curtail negative gearing and capital gains tax concessions as part of an ambitious reform agenda, which targets 75 per cent homeownership by 2035.

The call from Labour for Housing, a national group of members similar to the influential Labor Environment Action Network, will pile pressure onto Prime Minister Anthony Albanese and Treasurer Jim Chalmers, who insist they have no plans to curb the tax breaks, but who concede Treasury is exploring options to do so.

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Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com

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    Original URL: https://www.afr.com/politics/federal/labor-members-want-negative-gearing-changes-in-ambitious-housing-plan-20240929-p5keby