Inside Anthony Albanese’s pitch to cut landlord tax breaks
Inside Anthony Albanese’s pitch to cut landlord tax breaks
#breakingnews #australia #anthonyalbanese #housingmarket #taxbreaks
Anthony Albanese is set to use a dramatic slump in home ownership among younger Australians and huge tax breaks flowing to the rich to justify big changes for landlords in the May budget.
As critics prepare to unleash the mother of all scare campaigns over the reform agenda, insiders have outlined to news.com.au how the government will sell the plan.
The big sales pitch all comes down to rewarding the voters that put the Prime Minister in the Lodge in the first place: millennials and gen Z voters that now comprise 47 per cent of the electorate, overtaking baby boomers the last federal election as the largest voting bloc.
The crackdown would not apply to the family home however, because owner occupiers are already exempt from capital gains tax.
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