SMH
·general
·1 hour ago
Treasurer Chalmers exempts existing property investors from planned capital gains tax reforms
Australian Treasurer Jim Chalmers signaled Wednesday that planned capital gains tax and negative gearing reforms will not affect existing property investors, downplaying revenue expectations. He told the Commonwealth Bank podcast that grandfathered changes would recognize past investment decisions. The reforms are expected in the May 12 budget alongside productivity measures addressing inflation currently at 4.6 percent.
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