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Push to tax profits on sale of luxury family homes rejected by Labor

The Labor opposition has ruled out a proposal to tax the sale of high-end family homes, saying they will remain exempt from capital gains tax if Labor takes office.

Push to tax profits on sale of luxury family homes rejected by Labor
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The government has been asked to consider the proposal in its forthcoming tax white paper. The Australia Institute has suggested restricting the capital gains exemption to homes worth less than $2 million.

Read the full story at The Sydney Morning Herald.

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