Labor’s tax deal with the Greens will close a superannuation ‘loophole’. What is changing and who is affected?

There are about 1.2 million people in roughly 673,000 self-managed super funds with a combined $63bn invested in housing as of March this year, according to ATO data. Photograph: Christopher Hopkins/AAP

The government has legislated its changes to capital gains tax and negative gearing, after winning support from the Greens.

Getting the deal over the line involved Labor agreeing to close a relatively obscure “loophole” in superannuation legislation that let funds borrow to invest in housing.