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The Guardian - AU
The Guardian - AU
National
Karen Middleton Political editor

Labor rules out changing negative gearing or capital gains tax despite backlash to Albanese’s $4.3m cliffside house

Labor Richard Marles capital gains Anthony Albanese Copacabana Greens Guardian Australia
house on clifftop surrounded by trees
The deputy prime minister, Richard Marles, confirmed on Thursday that public debate about Anthony Albanese’s purchase of the clifftop property at Copacabana, on the NSW Central Coast, had not influenced the government’s position on negative gearing or capital gains tax. Photograph: Belle Property Killcare

The Albanese government is ruling out revisiting negative gearing and capital gains tax concessions in response to political concerns about the prime minister buying a $4.3m waterfront home, despite backbench murmurs that they should be reconsidered.

The deputy prime minister, Richard Marles, confirmed on Thursday that public debate about Anthony Albanese’s purchase of the clifftop property at Copacabana, on the NSW Central Coast, had not influenced the government’s position.

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