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.auwas seen at the discussions on CGT changes, as a potential step; sources say talks include adjusting the CGT discount, with an inflation-based approach and different treatment for new vs established properties that could impact investors and supply of housing. Sources note says the government is considering CGT changes before the budget, amid pressure from Greens, unions, and economists. The items reflect debate and proposals, not enacted law, as of the latest reporting. Chalmers described the legislation as the initial move in a ambitious tax reform package.