Existing property investors likely to avoid more tax under possible CGT changes in Chalmersâ May budget
Treasurer tells Commonwealth Bank podcast that he aims to ârecognise the decisions that people have taken in the pastâFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastExisting property investors look set to avoid paying more tax under Laborâs mooted changes to CGT in next monthâs budget, after Jim Chalmers said he wanted to âmake sure that we recognise the decisions that people have taken in the pastâ and flagged any reforms would not generate âa huge amount of revenueâ.The treasurer is widely expected to modify the flat 50% tax discount on profits from the sale of assets held for more than one year, potentially returning to the pre-1999 model where capital gains are adjusted for inflation. Continue reading...
theguardian.com