Episode Details

The Federal Government will introduce automatic $1,000 tax deductions for 6.2 million Australian workers from next year's tax returns, requiring no receipts and adding an average of $205 to returns. Treasurer Jim Chalmers is also considering changes to capital gains tax on investment properties, including reducing the current 50% discount to 30% or returning to Paul Keating's inflation-adjusted system. Economists say the proposed capital gains tax changes will have only a small impact on housing supply, though the government aims to address intergenerational inequity in the housing market.

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