Key Things to Know About Labors Overhaul to Negative Gearing, CGT

An aerial view of houses being built at a brand new housing development in the outer south eastern suburb of Clyde in Melbourne, Australia on May 12, 2026. Asanka Ratnayake/Getty ImagesThe Albanese Labor government has lifted the curtain on its sweeping changes to negative gearing, capital gains tax (CGT), and to taxing discretionary trusts.The government said the reforms are necessary to improve housing affordability, create a “fairer” tax system, and put downward pressure on rents.