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.auattended the discussions on CGT changes, as part of a broader reform; sources say talks include adjusting the CGT discount, with inflation-based approach and varying rules for new versus existing properties that could impact investors and housing supply. Sources note says the government is studying CGT changes prior to the budget, amid pressure from Greens, unions, and economists. These items reflect debate and proposals, not finalised law, as of these reports. Jim Chalmers introduces the initial move in a broader tax reform package.