After days of speculation over who ordered public servants to take another look at the tax breaks, the treasurer has spoken up.
Treasurer Jim Chalmers set the cat amongst the pidgeons by ordering the departmental modelling.Treasurer Jim Chalmers conceded he asked his department to model the impact of changes to negative gearing and capital gains tax concessions.
Speaking to reporters in Beijing, the treasurer put the case to bed by confirming he requested the modelling and the department did not act on its own accord. Legislation to establish a tax incentive to encourage private developers to build apartment complexes with some rent-capped policies and a subsidy scheme for first home buyers are in political limbo.
About 1.1 million Australians had a negatively geared property in 2020-21, according to Australian Taxation Office data.
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