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Confusion still reigns over ‘widow’s tax’ changes
TREASURER Jim Chalmers has promised to fix laws imposing a so-called “widow’s tax” on investment properties, without providing details on how he will close the loophole. The issue, which relates to investors with jointly-owned properties potentially losing out on concessions if one owner dies or a couple divorces, would be addressed in future legislation before the changes take effect, Chalmers said. Asked multiple times on Sunday how the government would deal with the loophole, highlighted before the passage of Labor’s controversial tax changes on Thursday, the
