Australia news LIVE: Chalmers abolishes negative gearing, reforms capital gains tax in ambitious federal budget to woo younger voters; Coalition to support treasurer’s tax cuts
- Posted on May 12, 2026
- By The Sydney Morning Herald
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- 1 min read
Australia news LIVE: Chalmers abolishes negative gearing, reforms capital gains tax in ambitious federal budget to woo younger voters; Coalition to support treasurer’s tax cuts
We’re bringing you the latest live news and politics updates after Treasurer Jim Chalmers handed down the government’s federal budget last night.
