HomeglobalCapital gains tax discount to cost Australia $250bn over next decade with retirees and high-income earners to benefit most

Capital gains tax discount to cost Australia $250bn over next decade with retirees and high-income earners to benefit most

globalFebruary 5, 2026
1 min read
Capital gains tax discount to cost Australia $250bn over next decade with retirees and high-income earners to benefit most
Parliamentary Budget Office figures show top 1% of taxpayers will receive nearly 60% of the benefit this financial year
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Parliamentary Budget Office figures show top 1% of taxpayers will receive nearly 60% of the benefit this financial year

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Australia’s capital gains tax discount will cost nearly $250bn over the next decade, more than twice as much as the concession has cost in its entire 25-year history.

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Source: Guardian - World News

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