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The Guardian - AU
The Guardian - AU
National
Amy Remeikis

Albanese rejects changes to capital gains tax on the family home, ‘full stop, exclamation mark’

Anthony Albanese capital gains Angus Taylor Jim Chalmers Labor
Australian prime minister, Anthony Albanese: ‘Not one constituent has ever come up to me and said “I think we should tax the family home”.’
Australian prime minister, Anthony Albanese: ‘Not one constituent has ever come up to me and said “I think we should tax the family home”.’ Photograph: AAP

The government will not change existing capital gains tax concessions for the family home “full stop, exclamation mark”, Anthony Albanese says, with the prime minister emphatically ruling out what he called “a bad idea”.

Meanwhile, shadow treasurer Angus Taylor said that the government’s proposed change to tax concessions for people with more than $3m in their superannuation accounts, announced yesterday, was “the start of a slippery slope” on tax reform.

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