Capital gains tax changes spark property debate

The Australian Treasurer Jim Chalmers has not ruled out potential changes to capital gains tax, which currently offers a 50% discount on profits from assets held over a year. The proposed changes could reduce this discount, sparking debate between property industry representatives who warn of impacts on mum-and-dad investors and rental supply, and Greens Senator Nick McKim who argues the current system unfairly benefits wealthy property speculators at a cost of $22 billion annually to the Commonwealth budget. Both sides acknowledge Australia's housing supply shortage remains the fundamental issue driving affordability challenges.

In 1 playlist(s)

Sunrise
5,900 clip(s)

Sunrise

From Channel 7's popular breakfast show with Natali Barr and Matt Shirvington, Sunrise brings you th…