Joe Hockey (North Sydney, Liberal Party, Shadow Treasurer) Share this | Hansard source

My question is to the Minister for Finance and Deregulation. I refer the minister to his previous statement on taxing the family home. He said:

We should focus on the real issues of tax reform. Overinvestment in housing, which has been chronic in this country, has been contributed to by favourable treatment in the tax system. We should abolish negative gearing and modify the capital gains tax exemption by, for example, applying that exemption only to the unimproved value of houses purchased.

Minister, do you stand by those comments?

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