CGT like its 1999: Chalmers leans toward scrapping Howard-Costello tax discount

Treasurer Jim Chalmers is considering a return to the original capital gains tax system for the May budget, reinstating rules from the Hawke and Keating era. This shift aims to address housing affordability amid criticism that the current 50 percent discount exacerbates property investment issues. A recent poll shows 42 percent of respondents support this tax reform initiative.

Summary by Glance · SMH