The family home is safe...no tax changes expected...but what about investment properties?

The Re:think Tax Discussion Paper1 released by the Australian Government has made it clear that we are not to rethink about the family home. On p 67 of the discussion paper it is stated that: Given the central importance of the home for Australian families, there is a strong consensus that it would not be appropriate to tax either the imputed rent on owner- occupied housing or capital gains derived from it. Such a strong statement would seem to imply that the government does not expect the conversation about the family home to be anything but keeping the status quo. It would seem that the main residence exemption will continue to apply, regardless of the fact that the paper is calling for new ideas concerning how the government should structure the tax system. It would seem that the government has realised that the family home is an untouchable subject and that there will be no review of the main residence exemption. Of course if changes had been invited and mooted, then there would indeed be an increase in revenue from capital gains tax (CGT) on disposals.