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.auappeared at the discussions on CGT changes, as a first step; sources say talks include reforming the discount, with inflation-linked approach and varying rules for new versus existing properties that could affect investors and housing supply. A second report says the government is considering CGT changes before the budget, under pressure from greens, unions, and economists. The items reflect debate and proposals, not finalised law, as of the latest reporting. Chalmers described the initial move in a comprehensive tax reform plan.