Episode Details
Back to EpisodesAlbanese Budget: Capital Gains Tax Tweaks Loom
Description
The Albanese government is contemplating capital gains tax reforms in the upcoming May budget, potentially cutting the fifty percent discount on profits from selling assets like shares or property held over a year. Changes to negative gearing may also be considered, but only for new deals. The government is focused on fulfilling election promises and managing inflation, while the Liberal party warns that capital gains changes may not address housing affordability. The budget looms, and all eyes are on whether reforms will be implemented or just hinted at.
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