The Age
·general
·1 hour ago
Chalmers exempts existing property investors from planned tax reforms
Australian Treasurer Jim Chalmers signaled Wednesday that tax reforms to capital gains and negative gearing will not affect existing property investors, tempering expectations of major revenue gains. Previous analysis suggested abolishing negative gearing could raise $5 billion annually, but Chalmers said reforms would be grandfathered for current asset holders.
Summary by Glance · The Age
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