AdvertisementUpdated PoliticsFederalFederal budget Widows and divorcees protected as Labor reveals details of tax backdown Shane Wright Updated August 4, 2026 — 6:33pm ,first published 6:31pm Save You have reached your maximum number of saved items. Treasurer Jim Chalmers has been under fire for tax changes in the recent federal budget. Residential dwellings now acquired from a spouse “as a result of inheritance or relationship breakdown” will retain their negative gearing protection. Related Article Federal budget Labor relents on ‘widow tax’ at 11th hour as tax bill passes In some cases, spouses are not listed on official property ownership documents. AdvertisementChalmers said consultation would continue as further tranches of tax legislation were introduced.