Labor plans for changes to capital gains tax and negative gearing to take effect by 1 January if it is elected at the May election.
Today the shadow treasurer, Chris Bowen, announced Labor will take just seven months to consult on and pass its signature housing tax policies and added a new measure to improve tax concessions for build-to-rent schemes.
The timeframe maximises the revenue that Labor can expect from the measures but seemingly closes off the option of delaying the start date in order to soften its impact on a falling housing market.