Treasury has more than 1,000 documents classed as advice to Jim Chalmers

The Treasury has more than 1,000 documents classed as advice to Treasurer Jim Chalmers about changing negative gearing and capital gains tax arrangements. The Tax Expenditures and Insight Statement released in January found there are $7.8 billion worth of negative gearing losses claimed in 2020 and 2021. The capital gains tax discount on assets was worth $19 billion in last financial year's budget. The Opposition is accusing Labor of secretly creating plans to change negative gearing and the capital gains tax discount on the sales of property. The Treasurer's office has denied any changes to tax arrangements regarding investment properties.