Chalmers does little to stop capital gains tax debate as budget looms
Seven years ago, proposed changes to CGT and negative gearing were named as part of the reason Labor lost the unlosable election. Times have changed.
www.abc.net.auappeared at the discussions on CGT changes, as part of a broader reform; reports indicate talks include reforming the discount, with inflation-based approach and varying rules for new versus existing properties that could touch investors and housing supply. Sources note says the government is considering CGT changes before the budget, under pressure from greens, unions, and economists. The reports show debate and proposals, not enacted law, as of the latest reporting. Chalmers described the legislation as the initial move in a broader tax reform package.