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

My question is to the Treasurer. Treasurer, the government has ruled out changes to the GST and the government has ruled out some tax changes to superannuation as part of the Henry review. Why is it so hard to rule out a capital gains tax on the family home?

Wayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Link to this | Hansard source

I made it very clear yesterday when I was in this House that the Henry review is a comprehensive review of taxation. It will run its course. It is being conducted independently and is having a complete look at everything within its terms of reference. I also went to great lengths yesterday to point out that, when it came to the article in the Australian about capital gains tax on homes, they were matters that I rejected and that there was no truth in the propositions put forward. I described them yesterday as fiction. There is no basis or foundation for the claims made by the opposition.