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AAP
AAP
Politics
Jacob Shteyman and Tess Ikonomou

Rival plan to close Labor's 'widow tax' loophole sooner

Jim Chalmers Tim Wilson
Widows and divorcees now lose negative gearing on investment properties jointly owned with a spouse. (JASON O’BRIEN/AAP PHOTOS)

Labor's bid to close a so-called "widow's tax" loophole could be gazumped by its Senate rivals, after the first casualty of the government's tax changes came forward.

Crossbenchers including independent senator David Pocock welcomed draft legislation to amend Labor's changes to negative gearing and the capital gains tax discount, released on Tuesday, but said the fix could not come soon enough.

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