Lab Housing Policy and Negative Gearing, page-13

So what’s the plan?

There would be a few options.
One I've seen is only linking income and deductions to the source.
i.e to properties in a portfolio.
Not allowing taxable losses to be offset against ordinary wages and salary income.
Which allows wage and salary earners to afford higher loan repayments and bigger loans to fund investment properties by applying for a variance to how much tax is deducted from their ordinary pay.
Any excess expenses carried forward to the time of selling which can happen now under certain circumstances if you haven't claimed the expenses already for some reason.

As far as capital gains tax goes some discussion around reducing the 50% discount if held for 12 months to something lower or the cost base indexed to cpi.