Chalmers does little to quell CGT debate as budget looms

Treasurer Jim Chalmers offered little clarity on capital gains tax changes as Australia's May 12 budget approaches. Reports suggest the government may rollback the 50 percent CGT discount for assets held over 12 months, potentially reverting to the pre-1999 system with grandfathering provisions. The budget must address inflation at 4.6 percent, global uncertainty, and housing affordability concerns.

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