Anthony Albanese sets the record straight on tax and housing reforms | 7NEWS

Australia's Parliament has passed major tax reforms affecting property investment, including changes to negative gearing rules that will require new property purchases to be new builds rather than existing homes to qualify for negative gearing benefits. Existing negative gearing arrangements remain grandfathered. The legislation, which passed after 45 days of debate following a deal between Labor and the Greens, also includes additional tax cuts for workers, extended paid parental leave to six months, and permanent urgent care clinics. Subscribe and set 🔔 » https://7news.link/YTSubscribe | For the latest Australian news and breaking news alerts, connect with 7NEWS online: Visit » https://7news.com.au 7Plus » https://7plus.com.au/ 7NEWS Podcast » https://open.spotify.com/user/dm9fk9h... Facebook »   / 7newsaustralia   TikTok »   / 7newsaustralia   Instagram »   / 7newsaustralia   X » https://x.com/7NewsAustralia 7NEWS combines the trusted and powerful news brands including Sunrise, The Morning Show, Spotlight and 7NEWS.com.au, delivering unique, engaging and continuous coverage on the issues that matter most to Australians. Watch 7 News Australia full broadcasts and full episodes at 6pm and weekdays at 12pm and 4pm on Channel 7 and 7plus. #BREAKINGNEWS #7NEWS