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Government to dump ‘widow’s tax’ in latest budget backdown (opens original article in a new tab)

TL;DR

Australian government will revise budget to stop investment properties from losing tax exemptions when owners die or divorce

  • Government to amend budget to prevent investment properties from losing tax exemptions upon owner's death or divorce
  • Estimated 680,000 properties affected by 'widows tax' provision
  • Budget bill rushed through parliament with Greens' support

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