Jim Chalmers expected to ‘get some of his way’ on tax reform in the budget

Sky News Political Editor Andrew Clennell discusses the federal government’s upcoming May budget.

“It seems Treasurer Jim Chalmers is expected in last-minute budget meetings this week to get some of his way and to get some tax reform up,” he said.

“So, the speculation is there will be a proposal around changes to negative gearing and ending it for existing properties as opposed to new builds.

“But my understanding is this will be grandfathered.”