Australia replaces capital gains tax discount with cost-base indexation from 2027

Australia's 2026 budget replaces the 50% capital gains tax discount with cost-base indexation from July 2027, introducing a 30% minimum tax on net capital gains. The government also limits negative gearing for residential property to new builds starting July next year. The National Disability Insurance Scheme faces cuts affecting 160,000 people as costs threaten to exceed $70 billion by decade's.

Summary by Glance · The Guardian Australia