The Guardian Australia – News
·general
·2 hours ago
Australian government scales back capital gains tax breaks for wealthy investors
The Australian government is expected to scale back capital gains tax breaks for investors in its May budget to address housing affordability. The top 10% of earners currently receive 90% of CGT discount benefits. Experts estimate the changes could lower house prices by 1-4% and boost home ownership by three percentage points, though impacts remain uncertain.
Summary by Glance · The Guardian Australia – News
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