Labor appears set to reform capital gains tax discount after parliamentary inquiry findings

Report reveals the Howard-era settings are helping fuel intergenerational inequality in Australia’s housing market

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Labor has given one of its strongest signals yet the capital gains tax discount will be reworked in the May budget, with a parliamentary inquiry finding the Howard-era settings are helping fuel intergenerational inequality in Australia’s housing market.

A Greens-led parliamentary inquiry said the 50% discount “skewed the ownership of housing away from owner-occupiers and towards investors”.

Source: Guardian - World News