Bill Shorten To Announce Changes To Negative Gearing, Capital Gains Tax

13/02/2016 8:52 AM AEDT | Updated 15/07/2016 12:51 PM AEST
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SYDNEY, NEW SOUTH WALES - FEBRUARY 12: Australian Labor Party Leader Bill Shorten on February 12, 2016 in Sydney, Australia. Human services minister Stuart Robert was stood down from ministerial duties following an investigation into a trip to China in 2014. (Photo by Brook Mitchell/Getty Images)

Federal Opposition Leader Bill Shorten will announce plans to change negative gearing and the capital gains tax if Labor were to win the next election, the ABC reports.

He will tell a NSW Labor conference in Sydney on Saturday that key policy measures will include the restriction of negative gearing to "newly constructed homes" and a reduction in the capital gains tax discount from 50 to 25 percent.

"We will put the great Australian dream back within reach of working and middle-class Australians, who have been priced out of the market for too long," Mr Shorten will say, in a pre-prepared speech provided to the ABC.

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