The Coalition has vowed to repeal Labor’s proposed changes to negative gearing and capital gains tax if they win power, setting up a major fight before the next election over key tax reform measures from the budget.
The shadow treasurer, Tim Wilson, and the opposition leader, Angus Taylor, said a future Coalition government would reinstate more generous rules for property investors, as well as for Australians minimising their tax through trusts, pledging to fight the proposals in parliament in coming weeks.
