Episode Details

Treasurer Jim Chalmers defends major tax changes in the latest federal budget, targeting negative gearing and capital gains tax on investment properties. New rules include a ban on negative gearing for new home buys and the elimination of the fifty percent capital gains tax discount for long-term assets. A two hundred fifty dollar tax offset is introduced for working Australians, with plans to expand it in the future. Chalmers admits these reforms break old promises but argues theyre necessary to fix the broken housing system and help more Australians buy their first home. The changes are expected to impact the housing market and beyond as the political debate continues.

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