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No more ‘widow’s tax’ after changes to tax reforms
THE government is moving to fix its so-called “widow’s tax” following criticism its tax reforms denied Australians, who inherited an investment property from their partner, access to negative gearing concessions. The fix is part of a raft of the federal government’s proposed changes to controversial reforms that were passed in June. The draft amendments, which also cover capital gains tax and trusts, were announced by treasurer Jim Chalmers on Tuesday. Under the government’s changes to negative gearing, investors would only be able to use rental losses t
