Tax breaks for investors are likely to be scaled back in Albanese’s May budget. But will it make housing cheaper?

The top 10% of Australia’s earners get 90% of the benefit of the CGT, while young Australians are struggling to get into the housing market Get our breaking news email , free app or daily news podcast The Albanese government is widely expected to scale back tax breaks for investors in its May budget, under the banner of fighting intergenerational inequity. Investors, including landlords, only pay tax on 50% of their capital gains on investments held for at least 12 months. Continue reading...

Go to News Site