Treasurer Jim Chalmers is slated to make a big change to the tax system, with the centrepiece of the May budget a change to taxing capital gains on property.

Will the likely tweaks reduce skyrocketing house prices, or address intergenerational inequality?

Today, senior economics correspondent Shane Wright talks about who this change will cost, who it will benefit, and by how much.

Background reading:

• Shane Wright's story, 'CGT like it's 1999.'
• The Sydney Morning Herald and The Age's up-to-date political coverage.